A comparative balance sheet and Income statement is shown for Cruz, Incorporated. CRUZ, INCORPORATED Comparative Balance Sheets At December 31 Assets 2021 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 Total liabilities and equity CRUZ, INCORPORATED Income Statement 2828 $ 69,200 29,700 $ 17,200 36,500 62,200 68,500 3,800 3,100 164,900 125,300 76,600 (11,900) $ 206,400 87,800 (6,700) $ 229,600 $ 10,800 $ 15,200 6,400 3,600 1,100 2,000 18,300 20,800 22,700 53,100 41,000 73,900 162,908 127,800 25,700 4,700 $ 229,600 $ 206,400 For Year Ended December 31, 2021 $ 353,400 227,500 Sales Cost of goods sold Gross profit Operating expenses (excluding depreciation) Depreciation expense Income before taxes Income taxes expense Net income 125,900 64,500 27,200 34,200 12,400 $ 21,800 Required: Use the Indirect method to prepare the operating activities section of Cruz's statement of cash flows. Note: Amounts to be deducted should be indicated with a minus sign. Cash flows from operating activities Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Changes in current operating assets and liabilities