The following financial statements and additional information are reported. IKIBAN INCORPORATED Comparative Balance Sheets 2021 At June 30 Assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Equipment Accumulated depreciation-Equipment 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 2020 $ 102,700 $ 52,000 77,000 59,000 71,800 98,500 5,200 7,000 256,700 216,500 132,000 (31,000) $ 357,700 $ 33,000 6,800 123,000 (13,000) $ 326,500 $ 42,000 16,600 4,200 5,400 44,000 64,000 38,000 68,000 82,000 132,000 236,000 168,000 39,700 26,500 $ 357,700 $ 326,500