The following financial statements and additional information are reported. 3 or 3 arative Balance Sheets June 30, 2017 and 2016 Assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets 87,50044,e00 51,000 63,880 86,50e 5,488 186,900 115,000 65,800 124,000 (27,000)(9,808) Total assets $317,700 $292,980 Liabilities and Equity Accounts payable Wages payable Income taxes payable Total current 1iabilities S 25,000 $30,eee 15,000 6,800 3,400 48,800 34,400 30,000 20.480108,800 Total 1iabilities Equity Common stock, $5 par value Retained earnings Total liabilities and equity 220,000160,e00 33, 300 24 180 IKIBAN INC.