9 20 points eBook Hint Print References The followiny ilancial Statements and duuilivildi andre reported. At June 30 Assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets IKIBAN INCORPORATED Comparative Balance Sheets Equipment Accumulated depreciation-Equipment 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 Sales Cost of goods sold Gross profit $ 86,900 66,500 64,800 4,500 Other gains (losses) Gain on sale of equipment Income before taxes Income taxes expense Net income 2021 222,700 125,000 (27,500) $ 320,200 IKIBAN INCORPORATED Income Statement For Year Ended June 30, 2021 $ 26,000 6,100 3,500 Operating expenses (excluding depreciation) Depreciation expense 222,000 32,400 $ 320,200 35,600 30,200 65,800 2020 $ 45,000 52,000 88,000 5,600 190,600 116,000 (9,500) $ 297,100 $ 31,500 15,200 4,000 50,700 61,000 111,700 161,000 24,400 $ 297,100 $ 683,000 412,000 271,000 68,000 59,600 143,400 2,100 145,500 43,990 $ 101,510

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? Complete this question by entering your answers in the tabs below. What is the net increase or decrease in the Cash account for year 2021? 1. How much cash is recelved 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? Complete this question by entering your answers in the tabs below. How much cash is received from sales to customers for year 2021 ? Assume all the sales were made on credit basis. [The following information applies to the questions displayed below.] A comparative balance sheet and income statement is shown for Cruz, Incorporated. \begin{tabular}{|c|c|c|c|} \hline \\ \hline & & & \\ \hline At June 30 & 2021 & & 2020 \\ \hline \multicolumn{4}{|l|}{ Asseth } \\ \hline Cash & \$ 86,900 & 5 & 45,000 \\ \hline Aecounta receivable, net & 66,500 & & 52,000 \\ \hline Inventory. & 64,800 & & 88,000 \\ \hline Prepald oxpenses & 4,500 & & 5,600 \\ \hline Total current ansetn & 222,700 & & 150,600 \\ \hline Equipment: & 125,000 & & 116,000 \\ \hline Accumalated depreciation-zquipment. & (27,500) & & (9,500) \\ \hline Total asseta & $320,200 & 52 & 297,100 \\ \hline Liabilities and rquity & & & \\ \hline Mccounea payable & 726,000 & 5 & 31,500 \\ \hline Wages payable: & 6,100 & & 15,200 \\ \hline Incone taxe payable & 3,500 & & 4,000 \\ \hline Total current liabilities & 35,600 & & 50,700 \\ \hline Noten payable (long tern) & 30,200 & & 61,000 \\ \hline Total ifabilities & 65,800 & & 111,700 \\ \hline Rquity & & & \\ \hline Common stock, 55 par value & 222,000 & & 161,000 \\ \hline Retained earnings & 32,400 & & 24,400 \\ \hline rotal Jiablitilen and equity & 5320,200 & 52 & 297,100 \\ \hline \end{tabular} \begin{tabular}{|c|c|} \hline & \\ \hline Yor Year Ended Tune 30,2021 & \\ \hline & \$ 683,000 \\ \hline Cost of goodn nold & 412,000 \\ \hline Grons profit & 271,000 \\ \hline Operating expensen (excluding depreciation) & 60,000 \\ \hline Depreciation expenae & 59,600 \\ \hline & 143,400 \\ \hline Other gaine (Lonees) & \\ \hline Cain on sale of equiptient & 2,100 \\ \hline Incore before taxes & 145,500 \\ \hline Incone taxes expense & 43,990 \\ \hline Viet income & 5101,510 \\ \hline \end{tabular}