IThe following information applies to the questions displayed below.] The following financial statements and additional information are reported. AN INC. Comparative Balance Sheets June 30, 2015 and 2014. 2014 2015 Assets 107000 65,800 69,400 51,700 66,200 96,600 Cash Accounts receivable, net Inventory 4,400 5,900 Prepaid expenses 247000 220.000 Total current assets 118,000 Equipment 127500 (28,000) (0600) Accum. depreciation-Equipment Total assets $346,500 327,400 Liabilities and Equity 26,500 32,600 Accounts payable 7700 Wages payable 16,900 Income taxes payable 2,400 4,300 Total current liabilities 36,600 53,800 48,000 Notes payable (ong term) 76,000 Total liabilities 84,600 129,800 Equity Common stock, $5 par value 237000 190,000 Retained earnings 24,900 7,600 Total liabilities and equity $346,500 327400