A comparative balance sheet and income statement is shown for Cruz, Incorporated CRUZ, INCORPORATED Comparative Balance Sheets At December 31 Assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets. Furniture Accumulated depreciation-Furniture 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 Required 1 Operating expenses (excluding depreciation) Depreciation expense Income before taxes. Income taxes expense Net income 2021 $ 89,000 38,200 80,000 4,900 212,100 98,800 (15,300) $ 295,600 Required 2 Beginning balance Ending Balance $ 13,900 -8,200 1,400 CRUZ, INCORPORATED Income Statement For Year Ended December 31, 2021 23,500 28,900 52,400 215,000 28,200 $ 295,600 2020 $ 22,100 46,900 88,000 4,000 161,000 113,300 (8,600) $ 265,700 $ 19,600. 4,600 2,600 26,800 69,000 95,800 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? 169,100 800 $ 265,700 Complete this question by entering your answers in the tabs below. $ 454,900 292,800 162, 100 83,000 35,000 44,100 16,000 $ 28,100 How much cash is received from sales to customers for year 2021? Assume all the sales were made on credit basis. Accounts Receivable Required 2 >