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Exercise 12-11 Indirect: Preparing statement of cash flows LO P1. P2 P3, A1 [The following...

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Accounting

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Exercise 12-11 Indirect: Preparing statement of cash flows LO P1. P2 P3, A1 [The following information applies to the questions displayed below The following financial statements and additional information are reported IKIBAN INC. Comparative Balance Sheets June 30, 2017 and 2016 2016 Assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Equi pment Accum. depreciation-Equipment Total assets Liabilities and Equity Accounts payable Hages payable Income taxes payable Total sutrent 1iabilities Notes pavab e (long term) Toral 1iab litdes Eauaty Common stock, $5 panivadue Retadne: enn Total tieb ities; and equat) s 83,300 51,000 75:566 58,000 70, 80097,e00 6,800 234,700212,800 131,000122,000 3, 500 (250e) S335,200 $322, 300 5,100:0 S 32.00040,50e 670018,400 5,200 100 42 890 87.000 79800 62/109

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