2018 CRUZ, INC. Comparative Balance Sheets December 31, 2019 2019 Assets Cash $ 69,200 Accounts receivable, net 29,700 Inventory 62,200 Prepaid expenses 3,800 Total current assets 164,900 Furniture 76,600 Accum. depreciation-Furniture (11,900) Total assets $229,600 Liabilities and Equity Accounts payable $ 10,800 Wages payable 6,400 Income taxes payable 1,100 Total current liabilities 18,300 Notes payable (long-term) 22,700 Total liabilities 41,000 Equity Common stock, $5 par value 162,900 Retained earnings 25,700 Total liabilities and equity $229,600 $ 17,200 36,500 68,500 3,100 125,300 87,800 (6,700) $206,400 $ 15,200 3,600 2,000 20,800 53,100 73,900 127,800 4,700 $206,400 CRUZ, INC. Income Statement For Year Ended December 31, 2019 Sales $353,400 Cost of goods sold 227.500 Gross profit 125,900 Operating expenses Depreciation expense $27,200 Other expenses 64,500 91,700 Income before taxes 34,200 Income taxes expense 12,400 Net income $ 21,800 1. How much cash is received from sales to customers for year 2019? Assume all the sales were made on credit basis. 2. What is the net increase or decrease in cash for year 2019? Complete this question by entering your answers in the tabs below. Required Required 2 How much cash is received from sales to customers for year 2019? Assume all the sales were made on credit basis. Accounts Receivable Beg bal End. bal. Required 2 > 1. How much cash is received from sales to customers for year 2019? Assume all the sales were made on credit basis. 2. What is the net increase or decrease in cash for year 2019? Complete this question by entering your answers in the tabs below. Required 1 Required What is the net increase or decrease in cash for year 2019?