IKIBAN INC. Comparative Balance Sheets June 30, 2013 and 2012

IKIBAN INC.Comparative Balance SheetsJune 30, 2013 and 201220132012 Assets Cash$100,700$59,400 Accounts receivable, net69,20051,100 Inventory66,00095,900 Prepaid expenses5,8004,600 Equipment127,900116,000 Accum. depreciationAc€??Equipment(28,400)(10,400) Total assets$341,200$316,600 Liabilities and Equity Accounts payable$26,900$32,500 Wages payable7,60016,500 Income taxes payable2,6003,900 Notes payable (long term)45,00074,000 Common stock, $5 par value234,000182,000 Retained earnings25,1007,700 Total liabilities and equity$341,200$316,600 IKIBAN INC.Income StatementFor Year Ended June 30, 2013 Sales$672,000 Cost of goods sold403,000 Gross profit269,000 Operating expenses Depreciation expense$57,800 Other expenses66,500 Total operating expenses124,300 144,700 Other gains (losses) Gain on sale of equipment2,500 Income before taxes147,200 Income taxes expense58,880 Net income$88,320 Additional Informationa.A $29,000 note payable is retired at its $29,000 carrying (book) value in exchange for cash.b.The only changes affecting retained earnings are net income and cash dividends paid.c.New equipment is acquired for $61,100 cash.d.Received cash for the sale of equipment that had cost $49,200, yielding a $2,500 gain.e.Prepaid Expenses and Wages Payable relate to Other Expenses on the income statement.f.All purchases and sales of merchandise inventory are on credit. Using the direct method, prepare the statement of cash flows for the year ended June 30, 2013

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with Essay Fountain
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Thank you, this is an 8-week course, so I will be needing your assistance.
Customer 452919, January 20th, 2023
Since I will be needing assistance from your Team, please do not block me from editing the paper. The entire did an awesome job on last semester and I never once encountered a situation as such. Thank you for your assistance and I look forward to working with the Team for the next 7 weeks of the semester.
Customer 452919, January 15th, 2022
Thanks to the entire Team of Solutions.
Customer 452919, March 29th, 2022
Thank you, Team I sincerely appreciate your service.
Customer 452919, April 13th, 2022
English 3311- Professional Writing
Thank you, it looks good!
Customer 452919, January 28th, 2023
Paper wad received on time there was also support with revision.
Customer 453101, June 8th, 2022
Thanks to the entire team!
Customer 452919, December 8th, 2021
I enjoyed the writer's work. Please send the writer's ID. The paper was available ahead of the due date and numbered each question to ensure mee that it was covered. AWESOME WORK!
Customer 452919, April 20th, 2022
Customer 452725, April 23rd, 2021
Business Studies
Thank you sincerely great paper and content
Customer 452793, June 22nd, 2021
Customer 452963, November 11th, 2021
Political science
Great paper
Customer 452863, September 11th, 2021
Customer reviews in total
Current satisfaction rate
3 pages
Average paper length
Customers referred by a friend
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat