A comparative balance sheet and income statement is shown for Cruz, Incorporated. 2020 CRUZ, INCORPORATED Comparative Balance Sheets At December 31 2021 Assets Cash $ 85,900 Accounts receivable, net 36,900 Inventory 77,200 Prepaid expenses 4,900 Total current assets 204,900 Furniture 98,900 Accumulated depreciation-Furniture (15,300) Total assets $ 288,500 Liabilities and Equity Accounts payable $ 13,600 Wages payable 8,100 Income taxes payable 1,300 Total current liabilities 23,000 Notes payable (long-term) 26,800 Total liabilities 49,800 Equity Common stock, $5 par value 207,600 Retained earnings 31,100 Total liabilities and equity $ 288,500 $ 21,600 45,800 86,000 3,900 157,300 110,500 (8,300) $ 259,500 $ 19, 100 4,300 2,400 25,800 63,700 89,500 165, 100 4,900 $ 259,500 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 $ 444,200 285,900 158,300 81,200 34,200 42,900 15,600 $ 27,300 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 Ending Balance 0