Assets Comparative Balance Sheets December 31, 2019 2019 2018 Cash $ 91,100 $ 22,900 Accounts receivable, net 39,100 48, 600 Inventory 81,800 91, 300 Prepaid expenses Total current assets Furniture Accum. depreciation-Furniture Total assets 5,200 4,100 217,200 166, 900 105,000 116, 200 (16,200) (8,700) $306,000 $274,400 Liabilities and Equity Accounts payable Wages payable $ 14,400 $ 20,200 8,600 4,500 Income taxes payable 1,400 2,500 Total current liabilities Notes payable (long-term) Total liabilities 24,400 27,200 28,900 66,400 53,300 93,600 Equity Common stock, $5 par value 216, 400 172,100 Retained earnings 36,300 8,700 Total liabilities and equity $306,000 $274,400 CRUZ, INC. Income Statement For Year Ended December 31, 2019 Sales Cost of goods sold Gross profit Operating expenses Depreciation expense Other expenses Income before taxes Income taxes expense Net income $469,700 382,380 167,400 $36, 200 85,900 122, 100 45,300 16,500 $ 28,800 1. How much cash is received from sales to customers for year 2019? Assume all the sales were made on credit basis. 2. What is the net increase or decrease in cash for year 2019? Complete this question by entering your answers in the tabs below. Required 1 Required 2 How much cash is received from sales to customers for year 2019? Assume all the sales were made on credit basis. Beg. bal Accounts Receivable End. bal Forquered 1 Required 2 > 1. How much cash is received from sales to customers for year 2019? Assume all the sales were made on credit basis. 2. What is the net increase or decrease in cash for year 2019? Complete this question by entering your answers in the tabs below. Required 1 Requiled 2 What is the net increase or decrease in cash for year 2019?