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 $ 239,300 $ 11,300 $ 71,600 $ 18,000 38, 200 71,700 30,900 64,700 4,000 171, 200 80,600 (12,500) 3,300 131, 200 93,500 (7,000) $ 217,700 $ 16,000 6,800 3,800 Income taxes payable 1,100 2,100 Total current liabilities 19, 200 21,900 Notes payable (long-term) Total liabilities 22,800 55,800 42,000 77,700 Equity Common stock, $5 par value Retained earnings 174,100 138, 700 23,200 1,300