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



Comparative balance sheets for 2018 and 2015 and a statement of income for 2018 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 5 550 255 240 Accounts receivable Inventory Land Building 850 800 e00 900 (200) (75) 3.250 3,050 900 Equipment (480) (420) Patent 1,850 7,590 $a,580 Liabilities Accounts payable Accrued expenses payable Lease liability-land Shareholders Equity Common stock 5 900 600 245 300 150 3,820 3,500 550445 Paid-in capital excess of par Retained earnings 2,070 1,790 7,590 $a,580
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