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Comparative balance sheets for 2018 and 2017 and a statement of income for 2018 are...

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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 December 31, 2018 and 2017 ($ in 000s) 2018 2017 Assets Cash Accounts receivable Inventory Land Building $410 150 220 365 530 900 (200) (165) 2,330 410 560 575 900 Less: Accumulated depreciation Equipment 2,650 Less: Accumulated depreciation (388) (360) 1,300 1,600 $6,217 5,570 Patent Liabilities Accounts payable Accrued expenses payable Lease liability-land Shareholders' Equity Common stock Paid-in capital-excess of par Retained earnings $660 360 130 180 130 3,000 495 1,585 s 6,217 5,570 3,160 500 1,587 t

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