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. METAGROBOLIZE INDUSTRIES Comparative Balance Sheets December 31, 2018 and 2017 ($ in Bees) 2018 2017 $ 589 600 $ 375 450 900 525 Assets Cash Accounts receivable Inventory Land Building Less: Accumulated depreciation Equipment Less: Accumulated depreciation Patent 600 675 900 (300) 2.850 (525) 1,280 $ 6,889 900 (270) 2.250 (480) 1,500 $ 5,850 $ $ Liabilities Accounts payable Accrued expenses payable Lease liability-land Shareholders' Equity Common stock Paid-in capital-excess of par Retained earnings 750 300 130 450 225 3,150 3,eee 750 675 1,800 $ 6,880 1. See $ 5,85e METAGROBOLIZE INDUSTRIES Income Statement