The following financial statements and additional information are reported.

Accumulated depreciationEquipment Total assets 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 liabilities and equity The following financial statements and additional information are reported- $ 25,000 108, 22,o 160, 317,700 292* 900 Assets Cash Accounts receivable, 'Inventory Prepaid expenses Total current assets Equipment KIBAN INCORPORATED Comparative Balance Sheets 2021 $ 87,5 net 65, 63,600 4, 400 220, 124, 2020 $ 44, 51, 86,500 5,400 186,900 115, (27,) (9, ) $ 317,700 6, 64, 400 33,300 $ 292,900 $ 30,o 15, 3,800 48,800 60, o 24, 100