Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The company did not issue any new common stock during the year. A total of 800,000 shares of common stock were outstanding. The interest rate on the bonds, which were sold at their face value, was 12%. The income tax rate was 40% and the dividend per share of common stock was $0.40 this year. The market value of the company's common stock at the end of the year was $18. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet dollars in thousands) This Year Last Year Assets Current assets Cash Accounts receivable, net Inventory Prepaid expenses $1,280 12,300 9,700 1,800 1,560 9,100 8,200 2,100 Total current assets 25,08020,960 Property and equipment: 6,000 Land Buildings and equipment, net 6,000 19,200 19,000 25,20025,000 $50,280 $45,960 Total property and equipment Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable Accrued liabilities Notes payable, short term $ 9,500 8,300 700 300 600 9,300 5,000 15,400 14,300 300 10,400 5,000 Total current liabilities Long-term liabilities Bonds payable Total liabilities Stockholders' equity Common stock Additional paid-in capital 800 4,200 800 4,200 5,000 Total paid-in capital Retained earnings 5,000 29,88026,660 34,880 31,660 $50,280 $45,960 Total stockholders' equity Total liabilities and stockholders' equity