A comparative balance sheet and income statement is shown for Cruz, Incorporated. QS 12-26B (Algo) Direct: Computing cash received from customers LO P5 QS 12-26B (Algo) Direct: Computing cash received from customers LO P5 1. How much cash is received from sales to customers for year 2021 ? Assume all the sales were made on credit bas 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. 1. How much cash is received from sales to customers for year 2021 ? Assume all the sales were 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? QS 12-27B (Algo) Direct: Computing operating cash outflows LO P5 1. How much cash is paid to acquire inventory during year 2021 ? 2. How much cash is paid for operating expenses (excluding depreciation) during year 2021? Hint: Examine prepaid expenses and wages payable. QS 12-28B (Algo) Direct: Computing cash from operations LO P5 Use the above balance sheet dincome statement to prepare the operating activities section by direct method. Assume all the sale were made on credit basis. ( mounts to be deducted should be indicated with a minus sign.)