A comparative balance sheet and income statement is shown for Cruz, Inc. CRUZ, INC. Comparative Balance Sheets December 31, 2017 2017 2016 Assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Furniture Accum. 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 99,300 24,900 52,800 99,200 4,500 181,400 127,500 (17,500) 9, 600) $332,100 $299,300 42,600 89,100 5,600 236,600 113,000 15,700 22,000 5,000 2,800 29,800 30,90074,300 104,100 9,400 1,500 26,600 57,500 192,600 2,600 $332,100 $299,300 241,200 33,400 Total liabilities and equity CRUZ, INC. Income Statement For Year Ended December 31, 2017 Sales Cost of goods sold Gross profit $512,300 329,700 182,600 Operating expenses Depreciation expense $39,400 Other expenses Income before taxes Income taxes expense Net income 93,500 132,900 49,700 18,100 31,600 1. How much cash is received from sales to customers for year 2017? Accounts Receivable Beg. bal. Sales on account 52,800 512,300 565,100 522,500 522,500o 42,600 0042,600 End. bal. 2. What is the net increase or decrease in cash for year 2017