The following financial statements and additional Information are reported. IKIBAN INC. Comparative Balance Sheets June 30, 2015 and 2014 2015 2014 103,700 56.100 Cash Accounts receivable, net 69,800 51,600 66,500 Inventory 96,200 4,200 6,400 Prepaid expenses Total current assets 210,300 244.200 Equipment 129,500 119,000 Accum. depreciation Equipment (28,300) $345,400 318,900 Total assets Liabilities and Equity 26.100 32,200 Accounts payable Wages payable 7000 16,800 3,800 Income taxes payable 2,000 Total current liabllitles 35100 52,800 46.000 71,000 Notes payable (long term) Total liabilitles 81100 123,800 Equity 187,000 Common stock, $5 par value 239,000 25,300 Retained earnings 8100 Total liabilities and equity $345,400 318,900