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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

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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 Deceaber 31, 2018 and 2017 (S in 000s) 2018 2017 Assets Cash Accounts receivable Inventory Land Building $ 460 $ 190 270 390 605 800 (300) (275) 2, 900 2,630 510 660 700 800 Less: Accumulated depreciation Equipment (493) (460) Less: Accusulated depreciation Patent 1.800 2.100 7,037 6, 250 Liabilities Accounts payable Accrued expenses payable Lease liability-land s 760 560 210 230 130

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