Secure https:/ewconnect.m Chapter 16 Homework 2 Exercise 16-11 Indirect: Preparing statement of cash flows LO P1, P2, P3, A1 [The following information applies to the questions displayed below] Part 2 of 2 The following financial statements and additional information are reported. IKIBAN INC. Comparative Balance Sheets June 30, 2817 and 2016 3.75 points eBook Hint Print References Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Equipment Accum. depreciation-Equipment Total assets 87,500 65,000 63,880 4,400 220,780 44,000 51 ,000 86,589 5,400 186,980 115,eee 124,88 (27,003) (9,ee9) $317,708 $292,9ee Liabilities and Equity Accounts payable Wages payable Income taxes payable Total current liabilities Notes payable (long term) Total 1iabilities Equity Common stock, $$ par value Retained earnings Total liabilities and equity s 25,e00s 3e,e00 15,e80 6,000 3.400 34,480 30,000 43,800 60,000 1e8,880 54,480 220,000 10,000 24,100 3,300 $317,700 $292,900