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Need Help With The Following Financial Statement, Please! [The following information applies to the questions displayed below) The following financial statements and additional information are

Need Help With The Following Financial Statement, Please!

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[The following information applies to the questions displayed below) The following financial statements and additional information are reported. EK?BAN INC Comparative Balance Sheets June 30, 2017 and 2016 2017 2016 Assets Cash $106,30046,000 53,000 89, 500 Accounts receivable, net Inventory Prepaid expenses 68,000 65,800 5,800 244,70011943e2 117,000 (28,0321000e) $342,700 $301,300 4, 600 Total current assets Equipment Accum depreciation-Equipment Total assets 126,000 Liabilities and Equity Accounts payable wages payable Income taxes payable Total current liabilities Notes payable Ciong term) Total liabilities Equity Common stock, $5 parivalue Retined eernings Total liabilities and eqvity $ 27,0033,000 208 5,408 3.600 36800 52 600 32,0e162,03e 114,600 68, 802 224,909 162,090 24,720 $342 730 5301,3e0 49 900

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