A comparative balance sheet and income statement is shown for Cruz, Inc. CRUZ, INC. Comparative Balance Sheets December 31, 2019 2019 2018 $ 90,700 38,900 81,300 5,100 216,000 102,900 (15,900) $303,000 $ 22,700 48,100 90,300 4,100 165,200 116, 200 (8,800) $ 272,600 Assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Furniture Accum. 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 $ 14,300 8,500 1,400 24,200 28,800 53,000 $ 20,000 4,600 2,500 27,100 66,300 93,400 215,100 34,900 $303,000 171,900 7,300 $ 272,600 CRUZ, INC. Income Statement For Year Ended December 31, 2019 Sales $466,600 Cost of goods sold 300,300 Gross profit 166,300 Operating expenses Depreciation expense $ 35,900 Other expenses 85,200 121,100 Income before taxes 45,200 Income taxes expense 16,500 Net income $ 28,700 Required: Use the indirect method to prepare the operating activities section of the statement of cash flows. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from operating activities Adjustments to reconcile net income to operating cash flow Income statement items not affecting cash Changes in current operating assets and liabilities