Comparative financial statements for Weller Corporstion, a merchandising company, for the fiscal year ending December 31 appesr below. The compsny did not issue any new common stock during the year. A total of 600,000 shares of common stock were outstanding. The interest rate on the bond payable was 10%. the income tax rate was 40%, and the dividend per share of common stock was $0.75. The market value of the company's common stock at the end of the year was $24. All of the company's sales are on account. Weller Corporstion Comperative Balance Sheet (dollars in thousands) This Year Last Year Assets Current assets S 1,170 S 1,250 6,800 13,100 11,300 10,000 Prepaid expenses Total current assets Property and equipment 24,930 19,870 Land Buildings and equipment, net 11,000 11,000 43,248 3,580 54,246 47,580 $79,178 $67,450 Total property and equipment Total assets Liabilities and Stockholders' Equity Current isbilities Accounts payable Accrued liabilites $20,400 19,200 770 250 1,090 250 Notes payable, short term 21,740 20,220 9,000 30,740 29,220 Total current ligbilities Long-term lisbilities: Bonds payable 9,000 Total lisbilities Stockholders' equity: Common stock Additional paid-in capital 4,000 4,000 Total paid-in capital Retained earnings 4,600 43,836 4,600 33,630 43,438 38,230 $79,178 $67,450 Total stockholders' equity Total lisbilities and stockholders' equity