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, 2018 and 2015 (5 in 000s) 2018 2015 Assets Cash Accounts receivable Inventory Land Building 5 520 5 305 310 410 590 740 750 700 700 (200) 185) 2,870 3,100 Equipment (397) (380) 1450 1,200 Patent 7.003 58,235 Accounts payable Accrued expenses payable Lease liability-land Shareholders Equity Common stock 5 840 640 270 230 150 3,700 550 540 3,500 Paid-in capital-excess of par Retained earnings 1,493 1,325 7,003 58,235
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