Comparative balance sheets for 2016 and 2015 and a statement of income for 2016 are given below for Metagrobolize Industnes. Additional information from the accounting records of Metagrobolize also is pronded Comparative Balance Sheets December 31, 2016 and 2015 S in 000s) 2016 2015 Assets Cash Accounts recevable s 670 395 640 470 940 545 715 620 940 940 340) 290) 2,890 2.270 (565) (500) 1,240 1,560 Land Building Equipment Less Accumulated depreciation Patent $7,130 $ 6,010 Liabilities Accounts payable Accrued expenses payable Lease liability -land Shareholders' Equity Common stock 5 790 S 470 340 255 190 Paid-in capital-excess of par Retained earmings 3,170 3,020 790 705 1,850 1.560 $ 7.130 $6,010 METAGROBOLIZE INDUSTRIES Income Statement For the Year Ended December 31, 2016 (S in 000s) Sales revenue Gain on sale of land 52,789 92 $2,881 Expenses Cost of goods sold Depreciation expensebuilding Depreciation expense-equipment Loss on sale of equipment Amortization of patent S 620 50 353 15 320 S 520 1,878