At June 30 Assets IKIBAN INCORPORATED Comparative Balance Sheets Cash Accounts receivable, net Prepaid expenses Inventory 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 2021 $ 102,700 77,000 71,800 2020 $ 52,000 59,000 98,500 5,200 7,000 256,700 216,500 132,000 (31,000) $ 357,700 $ 33,000 6,800 123,000 (13,000) $ 326,500 $ 42,000 16,600 4,200 5,400 44,000 64,000 38,000 68,000 82,000 132,000. 236,000 39,700 168,000 26,500 $ 357,700 $ 326,500