Answer:
                                Ikiban Inc. 
                      Statement of Cash flows
                For the Year Ended June 30, 2017
Cash flow from operating activities:
Net income                                                               $117,510
Adjustments to net income:
- Depreciation expense $67,600
- Decrease in inventory $27,200
- Decrease in prepaid expenses $1,900
- Increase in accounts receivable ($18,500)
- Gain from sale of equipment ($3,000)
- Decrease in accounts payable ($9,500)
- Decrease in wages payable ($9,900)
- Decrease in taxes payable ($2,800)          <u>   $53,000</u>
Net cash flow from operating activities                 $170,510
Cash flow from investing activities:
Purchase of new equipment                                 ($67,600)
Disposal of old equipment                                   <u>   $13,500</u>
Net cash flow from investing activities                 ($54,100) 
Cash flow from financing activities:
Issuance of common stock                                   $69,000
Retirement of note payable                                 ($30,000)
Distributed dividends                                           <u>($106,310)</u>
Net cash flow from financing activities                 ($67,310) 
Net cash increase                                                   $49,100
<u>Cash balance June 30, 2016                                 $53,000</u>
Cash balance June 30, 2017                                 $102,100