13 CRUZ, INC Comparative Balance Sheets December 31, 2019 2019 2018 $ 85,600 36,500 77,100 4.700 204,200 94,700 (14.700 5284,200 521,300 45,200 34,900 3.900 155,300 110,500 (6,400) $257,400 Assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Furniture Accum. depreciation Furniture Total assets Liabilities and Equity Accounts payable Mases payable Income taxes payable Total current liabilities Notes payable (long term Total abilities Equity Common stock, 55 par value Betained earnings Total Itabilities and equity $ 13,400 3.000 1.400 22.000 20.00 51,700 $ 19,000 4,500 2,500 26.000 66,400 92,400 204,000 25.500 5254,200 162,300 2,700 $257.400 CRUI, INC Income Statement For Year Ended December 31, 2019 $440,700 283.700 Sales CHE.INC Incon Statement For Year Ended December 31, 2019 Sales 50,700 Cost of goods sold 10.200 Gross profit 157.000 Operating Deprecation expenses 33,00 Other expenses Income before taxes $2,700 Incotas expense 15.30 Use the above balance sheet and income statement to prepare the operating activities section by direct method Assume all the sales were made on credit basis (Amounts to be deducted should be indicated with a minus sign) Cash flow from operating activities Cash paid for Inventory Cash paid for other expenses Cash paid for taxes 95 c * here to search Please make sure I can see the entire answer of the question and I will upvote if not I will dislike 13 CRUZ, INC Comparative Balance Sheets December 31, 2019 2019 2018 $ 85,600 36,500 77,100 4.700 204,200 94,700 (14.700 5284,200 521,300 45,200 34,900 3.900 155,300 110,500 (6,400) $257,400 Assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Furniture Accum. depreciation Furniture Total assets Liabilities and Equity Accounts payable Mases payable Income taxes payable Total current liabilities Notes payable (long term Total abilities Equity Common stock, 55 par value Betained earnings Total Itabilities and equity $ 13,400 3.000 1.400 22.000 20.00 51,700 $ 19,000 4,500 2,500 26.000 66,400 92,400 204,000 25.500 5254,200 162,300 2,700 $257.400 CRUI, INC Income Statement For Year Ended December 31, 2019 $440,700 283.700 Sales CHE.INC Incon Statement For Year Ended December 31, 2019 Sales 50,700 Cost of goods sold 10.200 Gross profit 157.000 Operating Deprecation expenses 33,00 Other expenses Income before taxes $2,700 Incotas expense 15.30 Use the above balance sheet and income statement to prepare the operating activities section by direct method Assume all the sales were made on credit basis (Amounts to be deducted should be indicated with a minus sign) Cash flow from operating activities Cash paid for Inventory Cash paid for other expenses Cash paid for taxes 95 c * here to search Please make sure I can see the entire answer of the question and I will upvote if not I will dislike