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Answer the following question and fill in the statement of cash flows. ...

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Accounting

Answer the following question and fill in the statement of cash flows.
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The following financial statements and additional information are reported IKIBAN INC. Comparative Balance Sheets June 30, 2017 and 2016 2017 2016 Assets $106,300 46,000 53,000 89,500 5,800 194, 300 Cash Accounts receivable, net 68,000 65,800 4,600 244,700 Inventory Prepaid expenses Total current assets Equipment Accum. depreciation-Equipment Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable Total current liabilities Notes payable (long term) 126,000 117,000 (28,000) (10,000) $342,700 $301,300 S 27,000 33,000 15,400 4, 200 52,600 32,80062,00 68,800 114,600 6, 200 3,600 36,800 Total liabilities Equity Common stock, $5 par value Retained earnings Total liabilities and equity 224,000 162,e00 24,700 $342,700 $301,300 49,900 IKIBAN INC. Income Statement For Year Ended June 30, 2017 Sales Cost of goods sold Gross profit Operating expenses $688,80 413,00e 275,000 Depreciation expense Other expenses $60,600 69,000 Total operating expenses 129,60e 145,400 Other gains (losses)

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