A comparative balance sheet and income statement is shown for Cruz, Inc. CRUZ, INC Comparative Balance Sheets December 31, 2017 2017 2016 Assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Furniture Accum. depreciation-Furniture Total assets Liabilities and Equity Accounts payable Wages payable 91,100 22,900 48,600 91,300 4,100 217,200 166,900 105,000 116,200 39,100 81,800 5,200 (16,200)(8,700) $306,000 $274,400 s 14,400 20,200 4,500 2,500 27,200 28,90066,400 53,300 93,600 8,600 1,400 24,400 Income taxes payable Total current liabilities Notes payable (long-term) Total liabilities Equity Common stock, $5 par value 216,400 172,100 36,3008,700 $306,000 $274,400 Retained carninga Total liabilities and equity 12 13 14 of 14 Next > Prev 21 Saved ork CRUZ, INC. Income Statement For Year Ended December 31, 2017 $469,700 302,300 167,400 Sales Cost of goods sold Gross profit Operating expenses $36,200 Depreciation expense 85,900 122,100 45,300 16,500 Other expenses Income before taxes Income taxes expense Net income s 28,800 Homework 6 Qs 12-148 Direct: Computing cash received from customers LO P5 4 of 6 1. How much cash is recelved from sales to customers for year 2017? ble Accounts R Beg. bal. eBook bal. End. Hint Print eferences Next > 21 MacBook Pro