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Comparative balance sheets for 2016 and 2015 and a statement of income for 2016 are...

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Accounting

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Comparative balance sheets for 2016 and 2015 and a statement of income for 2016 are given below for 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 1,195 545 Cash Accounts receivable 940 620 Inventory 1.240 695 Land 1.015 770 Building 1.240 1.240 Less: Accumulated depreciation 640 440 3,190 2.420 Equipment Less: Accumulated depreciation (865) 650 Patent 1.540 2.010 $8,855 $7,210 Liabilities 1,090 620 Accounts payable Accrued expenses payable 640 480 Lease liability-land 490 Shareholders' Equity Common stock 3.320 3.170 Paid-in capital excess of par 1,090 930 Retained earnings 2.225 2.010 8,855 $7,210 METAGROBOLIZE INDUSTRIES Income Statement For the Year Ended December 31, 2016 in 000s) Revenues

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