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A comparative balance sheet and income statement is shown for Cruz, Incorporated. CRUZ, INCORPORATED Income Statement For Year Ended December 31, 2021 Sales Cost of

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A comparative balance sheet and income statement is shown for Cruz, Incorporated. CRUZ, INCORPORATED Income Statement For Year Ended December 31, 2021 Sales Cost of goods sold Gross profit Operating expenses (excluding depreciation) Depreciation expense Income before taxes Income toxes expense Net income $326,000209,800116,20059,50025,10031,60011,500$20,100 1. How much cash is paid to acquire inventory duting year 2021 ? 2. How much cash is paid for operating expenses (excluding depreciation) during year 2021 ? Hint Examine prepaid expenses and wages payable

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