3 Required information [The following information applies to the questions displayed below.) The following financial statements and additional information are reported. IKIBAN INCORPORATED Comparative Balance Sheets Mc raw At June 30 Assets Cash Accounts receivable, net Inventory Prepaid expenses 2021 2020 $ 100,900 81,500 $ 55,000 74,800 62,000 103,000 5,500 7,600 262,700 227,600 $ 365,200 $ 36,000 7,100 4,500 6,000 47,600 69,700 41,000 71,000 88,600 140,700 242,000 171,000 34,600 27,400 $ 365,200 $ 339,100 135,000 (32,500) $ 339,100 $ 46,500 17,200 126,000 (14,500) Total current assets Equipment Accumulated depreciation-Equipment Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable. Total current liabilities Notes payable (long term) Total liabilities Equity Common stock, $5 par value Retained earnings Total liabilities and equity IKIBAN INCORPORATED