value 0.00 points 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 700,000 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 $22. 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 $ 1,150 $ 1,260 7,700 12,200 10,900 600 9,600 760 Total current assets 23,710 20,460 Property and equipment: Land 9,900 9,900 Buildings and equipment, net Total property and equipment Total assets Liabilities and Stockholders' Equity 46,304 40,487 56,204 50,387 $79,914 $70,847 Current liabilities Accounts payable Accrued liabilities Notes payable, short term $19,300 $18,300 710 260 940 20,240 19,270 8,300 8,300 28,540 27,570 Total current liabilities Long-term liabilities Bonds payable otal liabilities Stockholders' equity: Common stock Additional paid-in capital 2,000 4,000 2,000 4,000 Total paid-in capital Retained earnings 6,000 6,000 5,37437,277 51,37443,277 $79,914 $70,847 Total stockholders' equity Total liabilities and stockholders' equity