A comparative balance sheet and income statement is shown for Cruz, Inc CRUZ, INC. Comparative Balance Sheets December 31, 2019 2019 2018 Assets Cash $ 64,400 $ 16,200 Accounts receivable, net 27,800 34,400 Inventory 58,200 64,600 Prepaid expenses 3,600 2,900 Total current assets 154,000 118,100 Furniture 72,600 82,200 Accum. depreciation- Furniture (11,300) (6,200) Total assets $215,300 $194,100 Liabilities and Equity Accounts payable $ 10,100 $ 14,300 Wages payable 6,100 3,400 Income taxes payable 1,000 Total current liabilities 17,200 19,500 Notes payable (long- term) 20,700 47,800 Total liabilities 37,900 67,300 Equity Common stock, 35 par value 154,500 124,000 Retained earnings 22,90 2,800 Total liabilities and $215,300 $194, 100 equity 1,800 CRUZ, INC. Income Statement For Year Ended December 31, 2019 Sales $332,400 Cost of goods sold 213,900 Gross profit 118,500 Operating expenses Depreciation $25,600 expense Other 60, 700 86,300 expenses Income before taxes 32,200 Income taxes 11,800 expense Net income $ 20,400 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 net income to operating cash flow Income statement items not affecting cash Changes in current operating assets and liabilities