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

CRUZ, INCORPORATED
Comparative Balance Sheets
At December 31	2021	2020
Assets
Cash	$ 97,400	$ 24,400
Accounts receivable, net	41,800	51,700
Inventory	87,400	97,100
Prepaid expenses	5,500	4,400
Total current assets	232,100	177,600
Furniture	111,000	124,700
Accumulated depreciationFurniture	(17,200)	(9,400)
Total assets	$ 325,900	$ 292,900
Liabilities and Equity
Accounts payable	$ 15,400	$ 21,500
Wages payable	9,200	4,900
Income taxes payable	1,500	2,700
Total current liabilities	26,100	29,100
Notes payable (long-term)	30,900	71,600
Total liabilities	57,000	100,700
Equity
Common stock, $5 par value	232,600	185,600
Retained earnings	36,300	6,600
Total liabilities and equity	$ 325,900	$ 292,900

CRUZ, INCORPORATED
Income Statement
For Year Ended December 31, 2021
Sales	$ 501,300
Cost of goods sold	322,600
Gross profit	178,700
Operating expenses (excluding depreciation)	91,600
Depreciation expense	38,600
Income before taxes	48,500
Income taxes expense	17,700
Net income	$ 30,800

QS 12-26B (Algo) Direct: Computing cash received from customers LO P5

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?

Accounts Receivable
Beginning balance
Ending Balance	0

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