10 Required information Use the following information for the Quick Study below. The following information applies to the questions displayed below A comparative balance sheet and income statement is shown for Cruz Inc Part 2 of 3 1.36 points CRUZ, INC. Comparative Balance Sheets December 31, 2017 2017 2016 eBook Assets Cash $ 97,400 24,400 41,800 51,700 87,40e 97,100 4,400 Accounts, receivable, net Inventory Prepaid expenses Total current assets Furniture Accum. depreciation-Furniture Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable Print 5,500 232,10e 177,600 111,000 124,7e0 References (17, 200) (9,400) $325,900 $292,900 $ 15,400 21,580 00 4,999 9,26e 2,780 29, 100 71,600 108, 700 Total current liabilities Notes payable (long-term) Total 1liabilities Equity Common stock, $5 par value Retained earnings Total liabilities and equity $325,900 $292,900 26,186 3e,9e8 57,00 232,600 185,600 36,300 Income Statement For Year Ended December 31, 2017 Sales Cost of goods sold Gross profit $5e1,3ee 322,600 178,700 C Prev