3 13 12-270 Virect Computing Casi mom operatioIS LUF CRUZ, INC. Comparative Balance Sheets December 31, 2019 Assets Book Hint Cash Accounts receivable, net Prepaid expenses Inventory Total current assets. Furniture Accum. depreciation-Furniture Total assets Liabilities and Equity Accounts payable Wages payable 2019 2018 $ 97,400 $ 24,400 41,800 51,700 87,400 97,100 5,500 4,400 232,100 177,600 111,000 124,700 (17,200) (9,400) $325,900 $292,900 $ 15,400 $ 21,500 9,200 4,900 Income taxes payable 1,500 2,700 Print Total current liabilities 26,100 29,100 Notes payable (long-term) Total liabilities 30,900 71,600 57,000 100,700 Equity References Common stock, $5 par value Retained earnings 232,600 185,600 36,300 6,600 Total liabilities and equity $325,900 $292,900 CRUZ, INC. Income Statement For Year Ended December 31, 2019 Sales $501,300 Cost of goods sold 322,600 Gross profit 178,700 Operating expenses Depreciation $ 38,600 expense Other expenses 91,600 130,200 48,500 Income before taxes Income taxes expense Net income 17,700 $ 30,800