T0. 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 500,000 shares of common stock were outstanding. The interest rate on the bonds, which were sold at their face value, was 10% The income tax rate was 40% and the dividend per share of common stock was $0.40 this year. The market value of the company's common stock at the end of the year was $23. All of the company's sales 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 $ 1,090 S 1.270 9,0008,300 3,40012.300 530 720 Total current assets 24.210 22.400 Property and equipment Land Buildings and equipment, net 10,600 10,600 48,93135.738 Total property and equipment 59 531 46.338 $83,741 $68.738 Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable Accrued liabilities Notes payable, short term $19.200 $ 17.700 900 110 1070 110 Total current liabilities Long-term liabaities Bonds payable Total liabilities Stockhoiders equity 20.380 18.710 9.200 9.200 29 580 27,910