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IKIBAN INC. Comparative Balance Sheets June 30, 2017 and 2016 2017 2016 Assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Equipment Accum. depreciation-Equipment Total assets $96,700 62,000 69,000 113,500 9.000 253,500 133,000 92,000 81,800 6,200 276,700 142,000 (36,000) 18,000) $382,700 368,500 Liabilities and Equity Accounts payable Wages payable Income taxes payable Total current liabilities Notes payable (long term) Total liabilities Equity Common stock, $5 par valu Retained earnings 43,000 57,000 18,600 7,400 83,000 48,000 78,000 161,000 7,800 5,200 56,000 104,000 256,000 178,000 29,500 22,700 Total liabilities and equity $382,700 368,500