Comparative balance sheets for 2016 and 2015 and a statement of income for 2016 are given below for Metagrobolize Industries. Additional information from the accounting records of Metagrobolize also is provided METAGROBOLIZE INDUSTRIES Comparative Balance Sheets December 31, 2016 and 2015 in 000s) 2016 2015 Assets 590 400 Cash 730 380 Accounts receivable 880 Inventory 445 750 685 Land 900 900 Building (250) (235) Less: Accumulated depreciation 3,450 3,290 Equipment Less: Accumulated depreciation (364) (320) 1,900 2,000 Patent 8,586 $7,545 Liabilities 980 680 Accounts payable 340 265 Accrued expenses payable Lease liability-land 150 Shareholders' Equity Common stock 3,700 3,500 Paid-in capital excess of par 800 755 Retained earnings 2,616 2,345 8,586 $7,545