Required information [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, 2019 and 2018 Assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Equipment Accum. depreciation-Equipment Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable Total current liabilities Notes payable (long term) 2019 2018 $100,900 $ 55,000 81,500 74,800 62,000 103,000 5,500 7,600 262,700 227,600 135,000 126,000 (32,500) (14,500) $365,200 $339,100 7,100 4,500 $ 36,000 $ 46,500 17,200 6,000 47,600 69,700 41,000 71,000