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[The following information applies to the questions displayed below.] 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.

METAGROBOLIZE INDUSTRIES Comparative Balance Sheets December 31, 2021 and 2020 ($ in thousands)
	2021				2020
Assets
Cash	$	580			$	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
	$	6,880			$	5,850
Liabilities
Accounts payable	$	750			$	450
Accrued liabilities		300				225
Lease liabilityland		130				0
Shareholders' Equity
Common stock		3,150				3,000
Paid-in capitalexcess of par		750				675
Retained earnings		1,800				1,500
	$	6,880			$	5,850

METAGROBOLIZE INDUSTRIES Income Statement For the Year Ended December 31, 2021 ($ in thousands)
Revenues
Sales revenue	$	2,645
Gain on sale of land		90		$	2,735
Expenses
Cost of goods sold	$	600
Depreciation expensebuilding		30
Depreciation expenseequipment		315
Loss on sale of equipment		15
Amortization of patent		300
Operating expenses	$	500			1,760
Net income				$	975

Additional information from the accounting records:

1. Annual payments of $20,000 on the finance lease liability are paid each January 1, beginning in 2021.
2. During 2021, equipment with a cost of $300,000 (90% depreciated) was sold.
3. The statement of shareholders' equity reveals reductions of $225,000 and $450,000 for stock dividends and cash dividends, respectively.

Required: Prepare the T-accounts for Metagrobolize Industries. (Enter your answers in thousands. (i.e., 10,000 should be entered as 10).)