ment $($i$)$

Required Information

$[$The following information applles to the questlons displayed below.$]$

The following financial statements and additional information are reported.

$\backslash$table$[[$IKIBAN INCORPORATED Comparative Balance Sheets$],[$At June $30,2021,2020],[$Assets$],[$Cash$,$$ $105,700,$$ $47,000],[$Accounts receivable, net,$69,500,54,000],[$Inventory$,66,800,91,090],[$Prepald expenses,$4,700,6,000],[$Total current assets,$246,760,198,000],[$Equipment$,127,000,118,000],[$Accumulated depreciation$-$Equipment,$(28,500),(10,500)$