3 5 points eBook Hint Print References At December 31 Assets Cash CRUZ, INCORPORATED Comparative Balance Sheets Accounts receivable, net Inventory Prepaid expenses Total current assets Furniture Accumulated depreciation-Furniture Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable Total current liabilities Notes payable (long-term) Total liabilities Equity Common stock, $5 par value Retained earnings Total liabilities and equity 2021 Sales Cost of goods sold Gross profit $ 99,300 42,600 89,100 5,600 236,600 113,000 (17,500) $ 332,100 $ 15,700 9,400 1,500 26,600 30,900 57,500 241, 200 33,400 $ 332,100 CRUZ, INCORPORATED Income Statement For Year Ended December 31, 2021 Operating expenses (excluding depreciation) Depreciation expense Income before taxes Income taxes expense Net income 2020 $ 24,900 52,800 99,200 4,500 181,400 127,500 (9,600) $ 299,300 $ 22,000 5,000 2,800 29,800 74,300 104, 100 192,600 2,600 $ 299,300 $ 512,300 329,700 182,600 93,500 39,400 49,700 18,100 $ 31,600 1. How much cash is received from sales to customers for year 2021? Assume all the sales were made on credit basis. 2. What is the net increase or decrease in the Cash account for year 2021?

1. How much cash is received from sales to customers for year 2021 ? Assume all the sales were made on credit basis. 2. What is the net increase or decrease in the Cash account for year 2021