Comparative balance sheets for 2016 and 2015 and a statement of income for 2016 are given below for Metagrobolize Industries. Additional information from the accounting records of Metagrobolize also is provided.

Comparative balance sheets for 2016 and 2015 and a statement of income for 2016 are given below for Metagrobolize industries. Additional information from the accounting records of Metagrobolize also is provided METAGROBOLIZE INDUSTRIES Comparative Balance Sheets December 31, 2016 and 2015 in 000s) 2016 2015 Assets 600 375 Cash Accounts receivable 600 450 Inventory 900 525 Land 675 600 Building 900 900 Less: Accumulated depreciation (300) (270) 2,850 2.250 Equipment Less: Accumulated depreciation (525) (480) Patent 1.200 1.500 6,900 5,850 Liabilities 750 450 Accounts payable Accrued expenses payable 300 225 150 Lease liability-land Shareholders' Equity Common stock 3.150 3,000 Paid-in capital excess of par 750 675 1.800 1,500 Retained earnings 6,900 5,850