At June 30 IKIBAN INCORPORATED Comparative Balance Sheets Assets Cash Accounts receivable, net Prepaid expenses Inventory...

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At June 30 IKIBAN INCORPORATED Comparative Balance Sheets Assets 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 Sales Cost of goods sold 2021 $ 96,100 93,500 82,800 2020 $ 63,000 70,000 115,000 6,300 9,200 278,700 257,200 143,000 (36,500) $ 385,200 $ 44,000 134,000 (18,500) $ 372,700 $ 58,500 18,800 7,900 5,300 7,600 57,200 84,900 49,000 79,000 106,200 163,900 258,000 21,000 179,000 29,800 $ 385,200 $ 372,700 IKIBAN INCORPORATED Income Statement For Year Ended June 30, 2021 773,000 430,000 343,000 86,000 Gross profit Operating expenses (excluding depreciation) Depreciation expense Other gains (losses) Gain on sale of equipment Income before taxes Income taxes expense Net income Additional Information 77,600 179,400 3,900 183,300 45,790 $ 137,510 < Prev 4 5 of 6 Next > Q Search D At June 30 IKIBAN INCORPORATED Comparative Balance Sheets Assets 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 Sales Cost of goods sold 2021 $ 96,100 93,500 82,800 2020 $ 63,000 70,000 115,000 6,300 9,200 278,700 257,200 143,000 (36,500) $ 385,200 $ 44,000 134,000 (18,500) $ 372,700 $ 58,500 18,800 7,900 5,300 7,600 57,200 84,900 49,000 79,000 106,200 163,900 258,000 21,000 179,000 29,800 $ 385,200 $ 372,700 IKIBAN INCORPORATED Income Statement For Year Ended June 30, 2021 773,000 430,000 343,000 86,000 Gross profit Operating expenses (excluding depreciation) Depreciation expense Other gains (losses) Gain on sale of equipment Income before taxes Income taxes expense Net income Additional Information 77,600 179,400 3,900 183,300 45,790 $ 137,510 < Prev 4 5 of 6 Next > Q Search D