Question: Comparative balance sheets for 2018 and 2015 and a statement of income for 2018 re given below for Metagrobolize Industries. Additional information from the accounting



Comparative balance sheets for 2018 and 2015 and a statement of income for 2018 re 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) 2018 2015 Assets Cash Accounts receivable Inventory S 550 $ 255 340 425 850 800 800 900 (200) (175) 3,250 900 3,050 (480) (420) 1,500 1,850 7,590 58,580 Liabilities Accounts payable Accrued expenses payable Lease liability-land Shareholders' Equity Common stock 5 900 S 800 245 300 150 3,620 550 445 3,500 Paid-in capital excess of par Retained earnings 2,070 1,790 7,590 58,580
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