A comparative balance sheet and income statement is snown for Cruz, inc. CRUZ, INC. Comparative Balance Sheets December 31, 2017 2017 2016 3 Assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Furniture Accum. depreciation-Furniture Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable Total current liabilities Notes payable (long-term) Total liabilities Equity $ 97,400 41,800 $ 24,400 51,700 87,400 97,100 5,500 4,400 232,100 177,600 111,000 124,700 I (17,200) (9,400) $325,900 $292,900 $ 15,400 9,200 1,500 $ 21,500 4,900 2,700 26,100 29,100 30,900 71,600 57,000 100,700 Common stock, $5 par value Retained earnings 232,600 185,600 36,300 Total liabilities and equity 6,600 $325,900 $292,900