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 Wages payable 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 2021 2020 $ 62,800 27,000 $ 15,700 33,300 56,600 62,500 3,500 2,900 149,900 114,400 70,500 82,200 (10,900) $ 190,400 (6,200) $ 209,500 $ 9,900 5,900 $ 14,000 3,300 1,000 1,800 16,800 19,100 20,700 47,800 37,500 66,900 150,000 22,000 121,000 2,500 $ 209,500 $ 190,400