The following financial statements and additional information are reported IKIBAN INC. Comparative Balance Sheets June 30, 2017 and 2816 2017 2016 Assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Equipment Accum. depreciation-Equipment Total assets Book $ 87,500 $ 44,000 65,e00 51,000 63,800 4,400 86, 50e 5,400 220,700186,900 124,000115,000 8 Print (27,000) (9,00e) $317,700 $292,900 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 $ 25,000 30,000e 15,000 3. 4003,800 48,800 60,000 64,400 108, 800 eferences 6,000 34,400 30,000 220,000 160,000 24,100 33,300 2 $317,700 $292,90e