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 800,000 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 f the company's common stock at the end of this year was $18. All of the company's sales are on account This Year Last year $ 1,280 12,300 9,700 1,800 25,000 $ 1,560 9,100 8.200 2,100 20,960 6.000 19,200 25, 200 $50,280 6.000 19.000 25,000 $45,960 Weller Corporation Comparative Balance Sheet (dollars in thousanda) 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: Bonde payable Total liabilities Stockholdersequity: Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity $ 9,500 600 300 10,400 $ 8,300 700 300 9,300 5.000 15,400 5.000 14,300 800 4.200 5,000 29,880 34,880 800 4,200 5,000 26,660 31,660