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

CRUZ, INCORPORATED

Comparative Balance Sheets

At December $3120212020$

Assets

Cash $ $99,300$ $ $24,900$

Accounts receivable, net $42,60052,800$

Inventory $89,10099,200$

Prepaid expenses $5,6004,500$

Total current assets $236,600181,400$

Furniture $113,000127,500$

Accumulated depreciation$$Furniture $(17,500)(9,600)$

Total assets $ $332,100$ $ $299,300$

Liabilities and Equity

Accounts payable $ $15,700$ $ $22,000$

Wages payable $9,4005,000$

Income taxes payable $1,5002,800$

Total current liabilities $26,60029,800$

Notes payable $($long$-$term$)30,90074,300$

Total liabilities $57,500104,100$

Equity

Common stock, $$5$ par value $241,200192,600$

Retained earnings $33,4002,600$

Total liabilities and equity $ $332,100$ $ $299,300$

CRUZ, INCORPORATED

Income Statement

For Year Ended December $31,2021$

Sales $ $512,300$

Cost of goods sold $329,700$

Gross profit $182,600$

Operating expenses $($excluding depreciation$)93,500$

Depreciation expense $39,400$

Income before taxes $49,700$

Income taxes expense $18,100$

Net income $ $31,600$

QS $12-26$B $($Algo$)$ Direct: Computing cash received from customers LO P$5$

How much cash is received from sales to customers for year $2021?$ Assume all the sales were made on credit basis.

What is the net increase or decrease in the Cash account for year $2021?$