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 2021 2020 $ 64,300 27,600 $ 16,100 34,100 57,700 64,000 3,600 2,900 117,100 153,200 72,600 (11,200) $ 214,600 $ 10,100 6,000 82,200 (6,200) $ 193,100 $ 14,200 3,300 1,000 1,800 17,100 19,300 20,600 47,700 37,700 67,000 154,700 123,700 22,200 2,400 $193,100 Total liabilities and equity Sales CRUZ, INCORPORATED Income Statement $ 214,600 For Year Ended December 31, 2021. Cost of goods sold $ 330,500 212,700 Gross profit Operating expenses (excluding depreciation) Depreciation expense Income before taxes. Income taxes expense Net income: 117,800 60,300 25,400 32,100 11,700 $ 20,400 6:13 Sales CRUZ, INCORPORATED Income Statement For Year Ended December 31, 2021 Cost of goods sold Gross profit Operating expenses (excluding depreciation) Depreciation expense Income before taxes Income taxes expense Net income: $ 330,500 212,700 117,800 60,300 25,400 32,100 11,700 $ 20,400 Use the above balance sheet and income statement to prepare the operating activities section by direct method. Assume all the were made on credit basis. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from operating activities