IKIBAN INCORPORATED Comparative Balance Sheets At June 30 Assets Cash Accounts receivable, net Inventory Prepaid expenses 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 2021 $ 73,100 101,000 87,800 2020 $ 68,000 75,000 122,500 6,800 10,200 268,700 275,700 $ 377,700 $ 49,000 8,400 5,800 63,200 148,000 (39,000) 139,000 (21,000) $ 393,700 $ 66,000 19,800 8,600 94,400 34,800 84,000 98,000 178,400 268,000 Retained earnings 11,700 184,000 31,300 Total liabilities and equity $ 377,700 $ 393,700 IKIBAN INCORPORATED Income Statement Sales Cost of goods sold Gross profit For Year Ended June 30, 2021 Operating expenses (excluding depreciation) Depreciation expense Other gains (losses) of equipment $ 798,000 435,000 363,000 91,000. 82,600 189,400 4.199