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Help Save & Exi Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear belovw The company did not

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Help Save & Exi Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear belovw The company did not issue any new common stock during the year. A total of 500.000 shares of common stock were outstanding. The interest fate on the bond payable was 10%, the income tax rte was 40%, and the dividend per share of common stock was $075 last year and $0.40 this year. The market value of the company's common stock at the end of this year was $29. All of the company's sales are on account. (dollars in thousands) This Year Last Ye Current assetsi Cash S 1,210 $1,340 8,100 12,300 11,700 570 .95021,710 10,800 Inventory Prepaid expenses Total current assets Property and equipment: Land 10,000 Buildings and equipment, net Total property and equipment Total assets Liabilieles and Stockholders' Equity Current 1iabilitiest $20,500 19,000 Accounts payable Accrued 1iabilities Notes payable, short term 290 21,700 20,030 Total current liabilities Long-tern liabilities: B00 28,830 Total liabilities Stockholders' equity: 500 4,000 Common stock Additional paid-in capital Total paid-in capital Next>

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