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 (S in 000s) 2016 2015 Assets 420 170 Cash 430 2300 Accounts receivable Inventory 580 370 550 545 Land Building 900 900 (250) (210) Less: Accumulated depreciation 2.700 2.390 Equipment (409) (380) Less: Accumulated depreciation Patent 1,400 1,500 6,321 $5,515 Liabilities 680 480 Accounts payable 190 115 Accrued expenses payable Lease liability land 150 Shareholders' Equity Common stock 3,160 3,000 Paid-in capital excess of par 500 490 Retained earnings 1,641 1,430 6,321 $5,515