Comparative balance sheets for 2013 and 2012 and a statement of income for 2013 are given below for Metagrobolize Industries. Additional information from the accounting records of Metagrobolize also is provided.

METAGROBOLIZE INDUSTRIES Comparative Balance Sheets December 31, 2013 and 2012 ($ in 000s)
		2013		2012
Assets
Cash	$	600	$	375
Accounts receivable		600		450
Inventory		900		525
Land		675		600
Building		900		900
Less: Accumulated depreciation		(300)		(270)
Equipment		2,850		2,250
Less: Accumulated depreciation		(525)		(480)
Patent		1,200		1,500
	$	6,900	$	5,850
Liabilities
Accounts payable	$	750	$	450
Accrued expenses payable		300		225
Lease liability