A comparative balance sheet and income statement is shown for Cruz, Inc. 2016 CRUZ, INC. Comparative Balance Sheets December 31, 2017 2017 Assets Cash $ 64,400 Accounts receivable, net 27,800 Inventory 58,200 Prepaid expenses 3,600 Total current assets 154,000 Furniture 72,600 Accum. 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 $ 16,209 34,400 64,600 2,909 118,100 82,200 (6,200) $ 194,100 $ 14,389 3,400 1.809 19,500 47,800 67,300 124,000 2,800 $ 194,100 CRUZ, INC. Income Statement For Year Ended December 31, 2017 Sales $332,400 Cost of goods sold 213,900 Gross profit 118,500 Operating expenses Depreciation expense $ 25,600 Other expenses 60,700 86,300 Income before tax 32,200 Income taxes expense Net income $ 20,400 11.888 1. How much cash is paid to acquire inventory during year 2017? Cash paid for inventory 2. How much cash is paid for other expenses" during year 2017? (Hint Examine prepaid expenses and wages payable.) Cash paid for other expenses Use the above balance sheet and income statement to prepare the cash provided (used) from operating activities section by direct method. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from operating activities