nts eBook Hint Print References 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 870,000 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 $22. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Property and equipment: Land Buildings and equipment, net Total property and equipment Total assets Liabilities and Stockholders' Equity Current liabilition: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Long-term liabilities: Bonds payable Total liabilities Stockholders' equitys Common stock This Year Last Year $ 2,242 15,100 $ 3,130 10,100 10,050 1,870 8,480 2,240 29,262 23,950 6,700 6,700 19,900 26,600 $ 55,062 19,700 26,400 $ 50,350 $ 10,200 740 370 11,310 7,500 18,810 58,650 1,050 370 10,070 7,500 17,570 870 870 Additional paid-in capital 4,550 4,550 Total paid-in capital 5,420 5,420 Retained earnings 31,637 27,360 Total stockholders' equity 37-052 32,700 Total liabilities and stockholders' equity $55,062 $50,350