Question: 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



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 METAGROBOLI2E INDUSTRIES Comparative Balance Sheets December 31, 2018 and 2017 (s in 000s) 2018 2017 Assets Cash Accounts receivable Inventory Land Building 350 500 500 900 $405 245 190 275 450 900 Less: Accumulated depreciation (200)(180) Equipment 2,500 ,150 Less: Accumulated depreciation (325) (300) 1,0001,150 5,6304,880 Patent Liabilities Accounts payable Accrued expenses payable Lease liability-land Shareholders Equity Common stock Paid-in capital-excess of par Retained earnings 600400 130 150 130 3,100 3,000 700 750 900620 5,630 4,880
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