Required information

$[$The following information applies to the questions displayed below.$]$

The following financial statements and additional information are reported.

$\backslash$table$[[$IKIBAN INCORPORATED,$],[$At June $30,$Comparative Balance Sheets$],[$Assets$,105,100,$$$48,000,],[$Cash$,71,000,55,000,],[$Accounts receivable, net,$67,800,92,500,],[$Inventory$,4,800,6,200,],[$Prepaid expenses,$248,700,201,700,],[$Total current assets,$128,000,119,000,],[$Equipment$,(29,000),(11,000),],[$Accumulated depreciation$-$Equipment,$$347,700,$$$309,700,],[$Total assets,,,$],[$Liabilities and Equity,$$29,000,$$$36,000,],[$Accounts payable,$6,400,15,800,],[$Wages payable,$3,800,4,600,],[$Income taxes payable,$39,200,56,400,],[$Total current liabilities,$34,000,64,000,],[$Notes payable $($long term$),73,200,120,400,],[$Total liabilities,$228,000,164,000,],[$Equity$,46,500,25,300,],[$Common stock, $$5$ par value,$$347,700,$$$309,700,],[$Retained earnings,,,$],[$Total liabilities and equity,,,$]]$

$\backslash$table$[[\backslash$table$[[$IKIBAN INCORPORATED$],[$Income Statement$],[$For Year Ended June $30,2021]],],[\backslash$table$[[$Sales$],[$Cost of goods sold$],[$Gross profit$],[$Operating expenses $($excluding depreciation$)],[$Depreciation expense$]],\backslash$table$[[$$$98,000$