A comparative balance sheet and income statement is shown for Cruz, Inc. 2018 CRUZ, INC. Comparative Balance Sheets December 31, 2019 2019 Assets Cash $ 91,100 Accounts receivable, net 39,100 Inventory 81,800 Prepaid expenses 5,200 Total current assets 217,200 Furniture 105,000 Accum. depreciation-Furniture (16,200) Total assets $306,000 Liabilities and Equity Accounts payable $ 14,400 Wages payable 8,600 Income taxes payable 1,400 Total current liabilities 24,400 Notes payable (long-term) 28,900 Total liabilities 53,300 Equity Common stock, $5 par value 216,400 Retained earnings 36,300 Total liabilities and equity $306,000 $ 22,900 48,600 91,300 4,100 166,900 116,200 (8,700) $274,400 $ 20,200 4,500 2,500 27,200 66,400 93,600 172,100 8,700 $274,400 CRUZ, INC. Income Statement For Year Ended December 31, 2019 Sales $469, 700 Cost of goods sold 302, 300 Gross profit 167,400 Operating expenses Depreciation expense $36,200 Other expenses 85,900 122,100 Income before taxes 45,300 Income taxes expense 16,500 Net income $ 28,800 Required: Use the Indirect method to prepare the operating activities section of the statement of cash flows. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from operating activities Adjustments to reconcile not income to operating cash flow Income statement items not affecting cash Changes in current operating assets and liabilities 0 $ 0