A comparative balance sheet and income statement is shown for Cruz, Incorporated. CRUZ, INCORPORATED Comparative Balance Sheets At December 31 2021 2020 Assets Cash $ 66, 100 Accounts receivable, net. 28,500 $ 16,600 35, 200 Inventory 59, 700 66,100 Prepaid expenses 3,700 3,000 Total current assets 158,000 120,900 Furniture 74,600 85,000 Accumulated depreciation Furniture (11,600) (6,400) Total assets Liabilities and Equity Wages payable $ 221,000 199, 500 Accounts 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 CRUZ, INCORPORATED Income Statement For Year Ended December 31, 2021 $ 341 600 $ 10, 400 $ 14,700 6,300 1,000 3,500 1,900 17, 700 20, 100 20. 700 50, 500 38, 400 70, 600 159,500 125,000 23, 100 $ 221,000 3,900 $ 199,500 Sales Cost of goods sold Gross profit CRUZ, INCORPORATED Income Statement For Year Ended December 31, 2021 Operating expenses (excluding depreciation) Depreciation expense Income before taxes Income taxes expense :06 Net income $ 341,600 219, 800 121,800 62, 400 26, 300 33, 100 12, 100 $ 21,000 Use the above balance sheet and income statement to prepare the operating activities section by were made on credit basis. Note: Amounts to be deducted should be indicated with a minus sign. Cash flows from operating activities $ 0