A comparative balance sheet and income statement is shown for Cruz, Incorporated. 2020 CRUZ, INCORPORATED Comparative Balance Sheets At December 31 2021 Assets Cash $ 64,400 Accounts receivable, net 27,800 Inventory 58,200 Prepaid expenses 3,600 Total current assets 154,000 Furniture 72,600 Accumulated depreciation-Furniture (11,300) Total assets $ 215,300 Liabilities and Equity Accounts payable $ 10,100 Wages payable 6,100 Income taxes payable 1,000 Total current liabilities 17,200 Notes payable (long-term) 20,700 Total liabilities 37,900 Equity Common stock, $5 par value 154,500 Retained earnings 22,900 Total liabilities and equity $ 215,300 $ 16,200 34,400 64,600 2,900 118,100 82,200 (6,200) $ 194,100 $ 14,300 3,400 1,800 19,500 47,800 67,300 124,000 2,800 $ 194,100 CRUZ, INCORPORATED Income Statement For Year Ended December 31, 2021 Sales cost of goods sold Gross profit Operating expenses (excluding depreciation) Depreciation expense Income before taxes Income taxes expense Net income $ 332,400 213,900 118,500 60, 700 25,600 32,200 11,800 $ 20,400 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? Complete this question by entering your answers in the tabs below. Required 1 Required 2 How much cash is received from sales to customers for year 2021? Assume all the sales were made on credit basis. Accounts Receivable Beginning balance 34,400 Sales on account 332,400 339,000 Cash collections from customers Ending Balance 27,800 Reno Roquired 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 What is the net increase or decrease in the Cash account for year 2021? Net increase in cash $ 6,600