Required information The following information applies to the questions displayed below.] The following financial statements and additional information are reported. f 3 IKIBAN INC. Comparative Balance Sheets June 30, 2017 and 2016 2017 2016 ped Assets Cash Accounts receivable, net Inventory Prepaid expenses 97,900 60,000 67,000 79,800 110,500 8,600 272,700 246,100 140,000 131,000 17,000 89,000 6,000 nt Total current assets Equipment Accum. depreciation-Equipment Total assets int (35,000 $377,700 360,100 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 Retained earnings Total 1iabilities and equity 41,000 54,000 18,200 5,000700 7,600 3 5079,200 46,000 76,000 99.600 155,200 53, 600 252,000 176,000 26,10028,900 $377,700 $360,100 O A KPrev 2 3 4 of 4 Next 27