2018 CRUZ, INC. Comparative Balance Sheets December 31, 2019 2019 Assets Cash $ 64,400 Accounts receivable, net 27,800 Inventory 58, 200 Prepaid expenses 3,600 Total current assets 154,000 Furniture 72,600 Accum. depreciation-Furniture (11,300) Total assets $215,300 Liabilities and Equity Accounts payable $ 10, 100 Wages payable 6, 100 Income taxes payable 1,000 Total current liabilities 17,200 Notes payable (long-term) 20,700 Total liabilities 37,900 Equity Common stock, $5 par value 154,500 Retained earnings 22,900 Total liabilities and equity $215,300 $ 16,200 34,400 64,600 2,900 118, 100 82,200 (6,200) $194,100 $ 14,300 3,400 1,800 19,500 47,800 67,300 124,000 2,800 $194,100 CRUZ, INC. Income Statement For Year Ended December 31, 2019 Sales $332,400 Cost of goods sold 213,900 Gross profit 118,500 Operating expenses Depreciation expense $25,600 Other expenses 60,700 86,300 Tncome before taxes 32.200 $25,600 60, 700 Operating expenses Depreciation expense Other expenses Income before taxes Income taxes expense Net income 86,300 32,200 11,800 $ 20,400 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 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 1 Required 2 Income before taxes Income taxes expense Net income 32,200 11,800 $ 20,400 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 2 What is the net increase or decrease in cash for year 2019?