A comparative balance sheet and income statement is shown for Cruz, Incorporated. CRUZ, INCORPORATED Comparative Balance Sheets At December 31 2021 2020 Assets Cash Accounts receivable, net $ 66,100 28,500 $ 16,600 Prepaid expenses Inventory Total current assets Furniture Accumulated depreciation-Furniture Total assets Liabilities and Equity. 59,700 35,200 66,100 3,700 3,000 Accounts payable Wages payable Income taxes payable Total current liabilities Notes payable (long-term) Total liabilities $ 221,000 $ 10,400 $ 14,700 6,300 3,500 1,000 1,900 17,700 20,100 20,700 50,500 38,400 70.600 158,000 74,600 (11,600) 85,000 (6,400) $ 199,500 120,900 Total liabilities Equity Common stock, $5 par value Retained earnings 38,400 70,600 159,500 23,100 125,000 3,900 Total liabilities and equity $ 221,000 $ 199,500 CRUZ, INCORPORATED Income Statement Sales 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 $ 341,600 219,800 121,800 62,400 26,300 33,100 12,100 $ 21,000 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 basis. 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. Required 1 Required 2 How much cash is received from sales to customers for year 20217 Assume all the sales were made on credit basis. Beginning balance Accounts Receivable: Ending Balance 0 Required 2 > 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 basis. 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. Required 1 Required What is the net increase or decrease in the Cash account for year 2021?