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.

AS sets Cash METAGROBOLIZE INDUSTRIES Comparative Balance Sheets December 31, 2018 and 2017 (s in 0003) Accounts receivable Inventory Land Building Less: Accumulated depreciation Equipment Less: Accumulated depreciation Patent Liabilities Accounts payable Accrued expenses payable Lease liabilityland Shareholders' Equity Common stock Paid-in capitalexcess of par Retained earnings 2018 $ 520 630 730 550 700 (300) 3,200 (439) 1,400 $7,041 $ 880 290 130 3,600 550 1,591 $7,041 2017 s 225 330 420 540 700 (280) 2,990 (400) 1,500 $6,025 $ 630 240 3,500 430 1,225 $6,025 METAGROBOLIZE INDUSTRIES Income Statement For the Year Ended December 31, ($ in 0005) Revenues Sales revenue Gain on sale of land Expenses Cost of goods sold Depreciation expensebuilding Depreciation expenseequipment Loss on sale of equipment Amortization of patent Operating expenses Net income 2018 $3,078 60 $1,080 20 552 25 100 400 $3,138 5 2,17? 961