3 ! Required information [The following information applies to the questions displayed below.) A comparative balance sheet and income statement is shown for Cruz, Incorporated. 5 points BOOK 2020 Hint Print References CRUZ, INCORPORATED Comparative Balance Sheets At December 31 2021 Assets Cash $ 85,900 Accounts receivable, net 36,900 Inventory 77,200 Prepaid expenses 4,900 Total current assets 204,900 Furniture 98,900 Accumulated depreciation-Furniture (15,300) Total assets $ 288,500 Liabilities and Equity Accounts payable $ 13,600 Wages payable 8, 100 Income taxes payable 1,300 Total current liabilities 23,000 Notes payable (long-ters) 26,800 Total liabilities 49,800 Equity Common stock, $5 par value 207,600 Retained earnings 31,100 Total liabilities and equity $ 238,500 $ 21,689 45,800 86,000 3,900 157,300 110,500 (8.300) $ 259,500 $ 19, 100 4,300 2,400 25,800 63,700 89,500 165, 100 4,900 $ 259,500 3 For Year Ended December 31, 2021 Sales Cost of goods sold Gross profit Operating expenses (excluding depreciation) Depreciation expense Income before taxes Income taxes expense Net Income 5 Dots $444,200 285, 900 158,300 81,200 36,200 42,900 15,600 $ 27,300 BO 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 dectease in the Cash account for year 2021? PT References Complete this question by entering your answers in the tabs below. Required 1 Required How much cash is received from sales to customers for year 2021? Assume all the sales were made on credit basis. Accounts Recevable Beginning balance 45,800 Sales on account 444 200 Cash Collections from customers 453, 100 Ending Balance 20.000 3 For Year Ended December 31, 2021 Sales Cost of goods sold Gross profit Operating expenses (excluding depreciation) Depreciation expense Income before taxes Income taxes expense Net Income 5444,280 285,900 158,300 81,200 34,200 42,900 15,600 $ 27,300 5 points eBook 1. How much cash is received from sales to customers for year 2021? Assume all the sales were made on 2. What is the net increase or decrease in the Cash account for year 2021? print References Complete this question by entering your answers in the tabs below. Required 1 Required 2 What is the net increase or decrease in the cash account for year 20217 Not increase in cash $ 64,300