Comparative balance sheets for 2021 and 2020 and a statement of income for 2021 are given below for Metagrobolize Industries. Additional information from the accounting records of Metagrobolize also is provided. METAGROBOLIZE INDUSTRIES Comparative Balance Sheets December 31, 2021 and 2020 ($ in thousands) 2021 2020 Assets Cash $ 520 $ 225 Accounts receivable Inventory Land Building 630 330 780 420 550 540 700 700 Less: Accumulated depreciation Equipment Less: Accumulated depreciation Patent (300) (280) 3,200 2,990 (439) (400) 1,400 1,500 $ 7,041 $ 6,025 Liabilities Accounts payable $ 880 $ 630 Accrued liabilities Lease liability-land 290 130 240 0 Shareholders' Equity Common stock Paid-in capital-excess of par Retained earnings 3,600 550 1,591 3,500 $ 7,041 430 1,225 $ 6,025 METAGROBOLIZE INDUSTRIES