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requirea information [The following information applies to the questions displayed below.] The following financial statements and additional information are reported. 2016 IKIBAN INC. Comparative Balance Sheets June 30, 2017 and 2016 2017 Assets Cash $ 96,100 Accounts receivable, net 93,500 Inventory 82,800 Prepaid expenses 6,300 Total current assets 278,700 Equipment 143,000 Accum. depreciation-Equipment (36,500) Total assets $385,200 Liabilities and Equity Accounts payable $ 44,000 Wages payable 7,900 Income taxes payable 5,300 Total current liabilities 57,200 Notes navable long term 49.000 $ 63,000 70,000 115,000 9,200 257,200 134,000 (18,500) $372,700 $ 58,500 18,800 7,600 84,900 79.000 < Prev 3 of 3 JOJEVU OJTL, IVU Tutal et Liabilities and Equity Accounts payable Wages payable Income taxes payable Total current liabilities tes payable (long term) Total liabilities Equity Common stock, $5 par value Retained earnings Total liabilities and equity $ 44,000 7,900 5,300 57,200 49,000 106, 200 $ 58,500 18,800 7,600 84,900 79,000 163,900 258,000 21,000 $385,200 179,000 29,800 $372,700 IKIBAN INC. Income Statement For Year Ended June 30, 2017 Sales Cost of goods sold Gross profit Operating expenses Depreciation expense $77,600 Other expenses 86,000 Total operating expenses $773,000 430,000 343,000 163,600 1 An < Prev 3 of 3 Ne IKIBAN INC. Income Statement For Year Ended June 30,
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  • Fall '19
  • Balance Sheet, Generally Accepted Accounting Principles, IKIBAN INC, Tuuuuu Cash

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