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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 slock during the year. A total of 600,000 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 S040 this year. The market value of the company's common stock at the end of the year was $30. 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 $ 1,210 1,370 9400 8,400 12,200 11,700 650 710 Total current assets 23,520 22,120 Property and equipment: Land Buildings and equipment, net 10,900 10,900 47,738 35,296 58,638 46,196 $82,158 $68,316 Total property and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities $18,600 $ 17,400 850 110 1,060 110 Notes payable, short term Total current liabilities Long-term liabilities: Bonds payable 19,770 18,360 8,9008,000 28,670 27,260 Total liabilities Stockholders' equity: Common stock 600 4,0004,000 600 Additional paid-in capital Total paid-in capital Retained earnings 4,600 4,600 48,888 36,456 53,488 41,056 Total stockholders' equity $82,158 $68,316 Total liabilities and stockholders equity Weller Corpor

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