5678,888 411,098 267,000 IKIBAN INC. Income Statement For Year Ended June 30, 2019 Sales Cost of goods sold Gross profit Operating expenses Depreciation expense 558,600 Other expenses 67,000 Total operating expenses Other pains (losses) Gain on sale of equipment Incone before taxes Income taxes expense Het Income 125,600 141,400 2,000 143,400 43,890 $ 99,510 Additional Information . A $30,000 note payable is retired at its $30,000 carrying (book) value in exchange for cash b. The only changes affecting retained earnings are net income and cash dividends paid. c. New equipment is acquired for $57,600 cash d. Received cash for the sale of equipment that had cost $48,600. yielding a $2,000 gain. .. Prepaid Expenses and Wages Payable relate to Other Expenses on the income statement t. All purchases and sales of inventory are on credit (2) Compute the company's cash flow on total ossets ratio for its fiscal year 2019, Choose Cash Flow on Total Asset Ratio Choose Denominator Cash Flow on Total Assets Ratio Cash flow on total assets ratio 1