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A comparative balance sheet and income statement is shown for Cruz, Inc. CRUE, INC, Comparative Balance Sheets December 31, 2015 2019 2018 Assets Cash
A comparative balance sheet and income statement is shown for Cruz, Inc. CRUE, INC, Comparative Balance Sheets December 31, 2015 2019 2018 Assets Cash Accounts receivable, nat $ 89,000 30,200 022,100 46,900 Inventory Prepaid expenses Total current assets Furniture Accum. depreciation-Furniture 90,000 88,000 4,900 4,000 212,100 161,000 98,800 113,300 15,300) ,500) Total assets $295,600 $265,700 Liabilities and Equity Accounts payable 13,900 19,400 Wages payable 200 4.600 Income taxes payable Total current liabilities Notes payable (long-tere) Total liabilities Equity 1,400 2.600 23,500 26,000 28,900 69,000 52,400 95,000 Common stock, 65 par value 215,000 169,100) Betained earnings 29,200 800 Total liabilities and equity $295,600 $265,700 CRUT, INC. Inonne Statament For Year Ended December 31, 2019 Sales Cost of goods sold Gross profit Operating expenses Depreciation expense Other expen Income before taxes Income taxes expen Net income 6454,900 393,300 163,100 $35,000 #3,000 119,000 46,100 16,000 20,100 Required: Use the indirect method to prepare the operating activities section of the statement of cash flows. (Amounts to be deducted should se indicated with a minus sign.) Cash flows han spealing activites Austments to reconcile net incomes to operating cash flow Changes in aument penting sats and liabilities
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