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 s in 000s) 2018 2017 Assets Cash Accounts receivable Inventory Land Building 710 860 700 900 $560 370 370 440 670 900 Less: Accumulated depreciation (200) (160) Equipment 3,400 3,230 Less: Accumulated depreciation (343) 3e0) 882,100 8,387 7,620 Patent 1,800 Liabilities Accounts payable Accrued expenses payable Lease liability-land Shareholders Equity Common stock Paid-in capital-excess of par Retained earnings 96071 330 130 260 3,680 800 3,500 740 2.487 2,410 8,387 7,620 METAGROBOLIZE INDUSTRIES Income Statement For the Year Ended December 31, 2018 (s in e00s) Revenues Sales revenue Gain on sale of land 3,131 80 3,211 Expenses Cost of goods sold Depreciation expense-building Depreciation expense-equipment Loss on sale of equipment Amortization of patent Operating expenses s1,160 40 664 25 300 350 2,539 $ 672 Net income