ter 120 Required information (The following information applies to the questions displayed below.) The following financial statements and additional information are reported. 2018 IKIBAN INC. Comparative Balance Sheets June 30, 2019 and 2018 2019 Assets Cash $ 87,500 Accounts receivable, net 65,000 Inventory 63,800 Prepaid expenses 4,400 Total current assets 220,700 Equipment 124,000 Accum. depreciation Equipment (27.000 Total assets $317,700 $ 46,000 51,000 86,500 5, 400 186, 900 115,000 (2.000) $292,900 Liabilities and Equity Accounts payable Wages payable Income taxes payable Total current liabilities Notes payable (long term Total liabilities squity Common stock, 35 par valde Retained earning Total liabilities and equity $ 25,000 6,000 3,400 34,00 30.000 64.400 5:30.000 15,000 3.800 48,800 60.000 16800 220.000 33.300 $317.700 160.000 26.100 52.92.900 IKEA