A comparative balance sheet and income statement is shown for Cruz, Incorporated.

CRUZ, INCORPORATED
Comparative Balance Sheets
At December 31	2021	2020
Assets
Cash	$ 91,100	$ 22,900
Accounts receivable, net	39,100	48,600
Inventory	81,800	91,300
Prepaid expenses	5,200	4,100
Total current assets	217,200	166,900
Furniture	105,000	116,200
Accumulated depreciationFurniture	(16,200)	(8,700)
Total assets	$ 306,000	$ 274,400
Liabilities and Equity
Accounts payable	$ 14,400	$ 20,200
Wages payable	8,600	4,500
Income taxes payable	1,400	2,500
Total current liabilities	24,400	27,200
Notes payable (long-term)	28,900	66,400
Total liabilities	53,300	93,600
Equity
Common stock, $5 par value	216,400	172,100
Retained earnings	36,300	8,700
Total liabilities and equity	$ 306,000	$ 274,400

CRUZ, INCORPORATED
Income Statement
For Year Ended December 31, 2021
Sales	$ 469,700
Cost of goods sold	302,300
Gross profit	167,400
Operating expenses (excluding depreciation)	85,900
Depreciation expense	36,200
Income before taxes	45,300
Income taxes expense	16,500
Net income	$ 28,800

QS 16-26B (Algo) Direct: Computing cash received from customers LO P5

1. How much cash is received from sales to customers for year 2021? Assume all the sales were made on credit basis. 2. What is the net increase or decrease in the Cash account for year 2021?