Saved Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear The company did not issue any new common stock during the year. A total of 700,000 shares of common stock were outstan interest rate on the bond payable was 10%, the income tax rate was 40%, and the dividend per share of common stock was $ 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 compa 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 Total current assets. Property and equipment: Land Buildings and equipment, net Total property and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Long-term liabilities: Bonds payable Total liabilities Stockholders' equity: Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity $1,250 9,200 $1,250 7,600 13,500 10,700 720 610 24,670 20,160 9,800 9,800 50,209 43,033 60,009 52,833 $ 84,679 $ 72,993 $ 18,900 $18,800 928 760 290 290 20,110 19,850 9,280 9,200 29,310 29,050 700 700 4,000 4,000 4,700 4,700 58,669 39,243 55,369 43,943 Total liabilities and stockholders' equity Weller Corporation $ 84,679 $ 72,993 Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $ 78,960 $ 66,000 Cost of goods sold 39,938 34,000 Gross margin 39,038 32,000 Selling and administrative expenses: Selling expenses 11,300 10,600 Administrative expenses 7,300 6,600 Total selling and administrative expenses 18,600 17,200 Net operating income 20,430 14,800 Interest expense 920 920 Net income before taxes 19,510 13,880 Income taxes 7,884 5,552 Net income 11,706 8,328 Dividends to common stockholders Net income added to retained earnings Beginning retained earnings Ending retained earnings $ 50,669 $39,243 288 525 11,426 39,243 7,803 31,440