Statement of cash flow (indirect)

comparative balance sheets for 2016 and 2015 and a statement of income for 2016 are given below f 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 590 400 Accounts receivable 730 380 Inventory 880 445 750 685 900 900 Land Building Less: Accumulated depreciation (250) (235) Equipment 3,450 3,290 Less: Accumulated depreciation (364) (320) Patent 1,900 2,000 8,586 $7,545 Liabilities Accounts payable 980 680 Accrued expenses payable 340 265 Lease liability- land 150 Shareholders' Equity Common stock 3,700 3,500 Paid-in capital -excess of par 800 755 Retained earnings 2,616 2,345 8,586 $7,545