Use the following financial statements and additional information IKIBAN INC Comparative Balance Sheets June 30, 2017 and 2016 10 points 2017 2016 AssetS Cash s87,500 44,000 51,000 86,500 5, 400 186,900 124,000 115,000 Accounts receivable, ne eBook Print References 65, 000 63,800 4, 400 220,700 Inventory Prepaid expenses Total current assets Equipment Accum. depreciation-Equipment Total assets Liabilities and Equity Accounts payable Hages payable Income taxes payable Total current 1iabi1ities Notes payable (long term) Total liabi1ities Equity Common stock, $S par value Retained earnings Total liabilities and equity (27,000) (9,000) $317,700 $292,900 s 25,000 30,000 6,000 15, 000 3, 800 48, 800 60,000 108, 800 3, 400 34, 400 30,000 0 64, 400 220,000 160,000 33,30024, 100 $317,700 $292,900 Mc Graw Prey 1 of 3 Next Use the following financial statements and additional information IKIBAN INC Comparative Balance Sheets June 30, 2017 and 2016 10 points 2017 2016 AssetS Cash s87,500 44,000 51,000 86,500 5, 400 186,900 124,000 115,000 Accounts receivable, ne eBook Print References 65, 000 63,800 4, 400 220,700 Inventory Prepaid expenses Total current assets Equipment Accum. depreciation-Equipment Total assets Liabilities and Equity Accounts payable Hages payable Income taxes payable Total current 1iabi1ities Notes payable (long term) Total liabi1ities Equity Common stock, $S par value Retained earnings Total liabilities and equity (27,000) (9,000) $317,700 $292,900 s 25,000 30,000 6,000 15, 000 3, 800 48, 800 60,000 108, 800 3, 400 34, 400 30,000 0 64, 400 220,000 160,000 33,30024, 100 $317,700 $292,900 Mc Graw Prey 1 of 3 Next