HeeR my work mode : This shows what is correct or incorrect for the work you have completed so 5 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 28 points IKIBAN INC. Comparative Balance Sheets June 30, 2817 and 2016 0100-15 2017 2016 Assets Cash Accounts receivable, net 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) Total 1iabilities Equity Common stock, $5 par value Retained earnings Total liabilities and equity s 83,30 51, 75,500 58,000 70,880 97,0ee 6,800 234,700 212,800 131,000 122,000 5,10e (30,500)(12,500) S 335,200 322,380 s 32,000 40,588 6,700 16,480 5, 200 62,100 67,000 4,100 42,800 37,000 79,800 129,10 234,000 167,000 23.40020,.290 335,200 $322,300 IKIBAN INC. Income Statement