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vous attempt. Check my work Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The company did

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vous attempt. Check my work 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 980,000 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 the year was $27.00. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 4,568 16,200 18,600 1,980 33,348 $ 5,440 9,150 8,920 2,460 25,970 7,800 21.000 28,800 $62,148 7,800 20,800 28,600 $54,570 Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Property and equipment: Land Buillings 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-tern liabilities: Bonds payable Total liabilities Stockholders' equity: Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders equity Total 1fabilities and ctnrkhndere nitu $11,300 960 480 12,740 $ 9,200 1,600 480 11,280 8,750 21,490 8,750 20,30 980 5, 100 6,080 34,578 40,658 $62.148 980 5, 100 6,080 28,460 34,540 $54.570

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