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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

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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 Cash 915 465 Accounts receivable 780 540 Inventory 1,080 615 Land 855 690 Building 1,080 1,080 Less: Accumulated depreciation (480) (360) Equipment 3,030 2,340 Less: Accumulated depreciation (705) (570) Patent 1,380 1,770 $7,935 6,570 Liabilities 930 540 Accounts payable Accrued expenses payable 480 360 Lease liability land 330 Shareholders' Equity Common stock 3,240 3,090 Paid-in capital-excess of par 930 810 Retained earnings 2,025 1,770 $7,935 $6,570

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