IKIBAN INC. Comparative Balance Sheets June 30, 2013 and 2012 2013 2012 Assets Cash Accounts receivable, net Inventory Prepaid expenses Equipment Accum. depreciation-Equipment $107,300 $57,100 52,000 96,300 4,700 69,800 66,100 5,900 129,200 (28,200) 118,000 (10,400) 350,100 317,700 Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable Notes payable (long term) Common stock, $5 par value Retained earnings 7,800 2,500 51,000 238,000 24,800 26,000 32,500 16,800 3,800 76,000 181,000 7,600 Total liabilities and equity 350,100 317,700