\begin{tabular}{|c|c|c|} \hline \begin{tabular}{l} IKIBAW INCORPORA \\ Comparative Balance \end{tabular} & \begin{tabular}{l} THED \\ Sheets \\ 2021 \end{tabular} & 202 \\ \hline \multicolumn{3}{|l|}{ Assets } \\ \hline Cash & $100,900 & $55,000 \\ \hline Accounts receivable, net & 81,500 & 62,000 \\ \hline Inventory & 74,800 & 103,000 \\ \hline Prepaid expenses & 5,500 & 7,600 \\ \hline Total current assets & 262,700 & 227,606 \\ \hline Equipment & 135,000 & 126,000 \\ \hline Accumulated depreciation-Equipment & (32,500) & (14,500) \\ \hline Total assets & $365,200 & $339,100 \\ \hline \multicolumn{3}{|l|}{ Liabilities and Equity } \\ \hline Accounts payable & $36,000 & $46,500 \\ \hline Wages payable & 7,100 & 17,200 \\ \hline Income taxes payable & 4,500 & 6,000 \\ \hline Total current liabilities & 47,600 & 69,700 \\ \hline Notes payable (tong term) & 41,000 & 71,000 \\ \hline Total liabilities & 88,600 & 140,700 \\ \hline \multicolumn{3}{|l|}{ Equity } \\ \hline Common stock, $5 par value & 242,000 & 171,000 \\ \hline Retained earnings & 34,600 & 27,400 \\ \hline Total liabilities and equity & $365,200 & $339,100 \\ \hline \end{tabular} IKIBAN INCORPORATED Income Statement For Year Ended June 30, 2021 Sales Cost of goods sold Gross profit Operating expenses (excluding depreciation) Depreciation expense Other gains (losses) Gain on sale of equipment \begin{tabular}{r} $733,000 \\ 422,000 \\ \hline 311,000 \\ 78,000 \\ 69,600 \\ \hline 163,400 \end{tabular} 3,100