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 Prepaid expenses Inventory Total current assets Furniture Accumulated depreciation-Furniture Total assets Liabilities and Equity Accounts payable Wages payable 2021 2020 $ 90,700 $ 22,700 38,900 48,100 81,300 90,300 5,100 4,100 216,000 165,200 102,900 116,200 (8,800) (15,900) $ 303,000 $ 14,300 8,500 $ 272,600 $ 20,000 4,600 Income taxes payable 1,400 2,500 Total current liabilities Notes payable (long-term) Total liabilities Equity Common stock, $5 par value Retained earnings 24,200 27,100 28,800 66,300 53,000 93,400 215,100 34,900 171,900 7,300 Total liabilities and equity $ 303,000 $ 272,600 CRUZ, INCORPORATED Income Statement For Year Ended December 31, 2021 Sales Cost of goods sold Gross profit Operating expenses (excluding depreciation) Depreciation expense Income before taxes Income taxes expense Net income $ 466,600 300,300 166,300 85,200 35,900 45,200 16,500 $ 28,700 Use the above balance sheet and Income statement to prepare the operating activities section by direct method. Assume all the sales were made on credit basis. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from operating activities