Help 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 bond payable was 12%, the income tax rate was 40%, and the dividend per share of common stock was $0.75 last year and $0.40 this year. The market value of the company's common stock at the end of this year was $18. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousande) This Year Last Year Assets Current assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets $1,200 $1,560 12,300 9,100 9,700 8,200 1,000 2,100 25,080 Property and equipment: 20,960 Land 6,000 6,000 Buildings and equipment, bet 19,200 19,000 Total property and equipment 25,206 25,000 Total assets $50,280 $45,960 Liabilities and Stockholders' Equity Current liabilitions Accounts payable $9,500 $6,300 Accrued liabilities Total current liabilities Long-term liabilities: Bonda payable Total liabilities Stockholders' equitys Common stock Notes payable, short term 600 300 700 300 10,400 9.300 5,000 5,000 15,400 14,300 800 800 Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity 4,200 4,200 5,000 5,000 29,880 26,660 34,880 31,660 Total liabilities and stockholders' equity $50,200 $45,960 < Prev 4 of 6 Next > Mic Book Save & Exit Submit Check my work