\begin{tabular}{lr} \multicolumn{1}{c}{ CRUZ, INCORPORATED } \\ \multicolumn{1}{c}{ Income Statement } \\ For Year Ended December 31,2021 & \\ Sales Cost of goods sold & $509,400 \\ Gross profit & 327,800 \\ Operating expenses (excluding depreciation) & 181,600 \\ Depreciation expense & 92,900 \\ Income before taxes & 39,200 \\ \hline Income taxes expense & 49,500 \\ Net income & 18,100 \\ \hline \end{tabular} Reauired: CRUZ, INCORPORATED Comparative Balance Sheets \begin{tabular}{lrr} At December 31 & 2021 & 2020 \\ \cline { 2 - 3 } Assets & $99,000 & $25,000 \\ Cash & 42,800 & 53,100 \\ Accounts receivable, net & 89,600 & 99,700 \\ Inventory & 5,600 & 4,400 \\ Prepaid expenses & 237,000 & 182,200 \\ Total current assets & 113,000 & 124,700 \\ Furniture & (17,600) & (9,400) \\ Accumulated depreciation-Furniture & $33,400 & $297,500 \\ Total assets & $15,600 & $21,900 \\ Liabilities and Equity & 9,400 & 5,200 \\ Accounts payable & 1,500 & 2,700 \\ Wages payable & 26,500 & 29,800 \\ Income taxes payable & 31,100 & 65,700 \\ Total current liabilities & 57,600 & 95,500 \\ Notes payable (long-term) & & \\ Total liabilities & 238,600 & 190,000 \\ Equity & 36,200 & 12,000 \\ \hline Common stock, $5 par value & $332,400 & $297,500 \\ Retained earnings & & \end{tabular} CRUZ, INCORPORATED Tnrome statement Required: Use the indirect method to prepare the operating activities section of Cruz's statement of cash flows. (Amounts to be deducted should be indicated with a minus sign.)