Comparative balance sheets for 2018 and 2017 and a statement of income for 2018 are given below for Metagrobolize Industries. Additional information from the accounting records of Metagrobolize also is provided. 2017 METAGROBOLIZE INDUSTRIES Comparative Balance Sheets December 31, 2018 and 2017 ($ in 000s) 2018 Assets Cash $ 510 Accounts receivable 610 Inventory 760 Land 600 Building 700 Less: Accumulated depreciation (250) Equipment 3,150 Less: Accumulated depreciation (418) Patent 1,300 $ 6,962 $ 265 320 415 525 700 (220) 2,930 (380) 1,600 $ 6, 155 $ $ 860 280 130 710 235 Liabilities Accounts payable Accrued expenses payable Lease liability-land Shareholders' Equity Common stock Paid-in capital-excess of par Retained earnings 3,650 550 1,492 $ 6,962 3,500 485 1,225 $ 6, 155 METAGROBOLIZE INDUSTRIES Statement of Cash Flows For year ended December 31, 2018 ($ in 000s) Cash inflows: From customers Cash outflows: To suppliers of goods To employees Cash flows from investing activities: Purchase of equipment Sale of land Sale of equipment Net cash flows from investing activities Net cash flows from financing activities Noncash investing and financing activities