nment He Exercise 10-11 narect: rreparing statement casn Tows LU n, r, rs, Al The following information applies to the questions displayed below The following financial statements and additional information are reported. IKIBAN INC. Comparative Balance Sheets June 30, 2017 and 2016 2017 2016 Assets Cash Accounts receivable, net Inventory Prepaid expenses T tal current assets Equipment Accum. depreciation-Equipment Total assets Liabilities and Equity Accounts payable Mages payable 96, 700 62,000 92,00069,000 81,800 113, 500 9,000 276, 700 253,500 142,000 133, 000 (18,000) $382,700 $368, 500 6, 200 (36,000) S 43,000s57,00 7,800 18, 600