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Problem 21-17 (Algo) Statement of cash flows; indirect method [LO21-4, 21-8] Comparative balance sheets for 2021 and 2020 and a statement of income for
Problem 21-17 (Algo) Statement of cash flows; indirect method [LO21-4, 21-8] 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. HETAGROBOLIZE INDUSTRIES Comparative Balance Sheets December 31, 2021 and 2026 (5 in thousands) Assets Cash Accounts receivable i Inventory Land Building Less: Accumulated depreciation Equipment Less: Accumulated depreciation Patent Liabilities Accounts payable Accrued liabilities Lease liability-land Shareholders' Equity Common stock Paid-in capital-excess of par Retained earnings 2021 2020 440 $ 190 470 250 620 360 625 575 300 000 (208) (170) 2,800 2,510 (451) (420) 1,600 1,800 $ 6,704 $ 5,915 $ 720 $ 210 470 165 130 2,650 500 2,494 2,500 470 2,310 $ 6,704 $ 5,915 HETAGROBOLIZE INDUSTRIES Income Statement For the Year Ended December 31, 2021
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