\begin{tabular}{lrr} \multicolumn{3}{c}{ CRUZ, INCORPORATED } \\ At December 31 & 2021 & \\ Assets & & 2020 \\ Cash & $69,200 & $17,200 \\ Accounts receivable, net & 29,700 & 36,500 \\ Inventory & 62,200 & 68,500 \\ Prepaid expenses & 3,800 & 3,100 \\ Total current assets & 164,900 & 125,300 \\ Furniture & 76,600 & 87,800 \\ Accumulated depreciation-Furniture & (11,900) & (6,700) \\ Total assets & $229,600 & $206,400 \\ \hline Liabilities and Equity & & \\ Accounts payable & $10,800 & $15,200 \\ Wages payable & 6,400 & 3,600 \\ Income taxes payable & 1,100 & 2,000 \\ Total current liabilities & 18,300 & 20,800 \\ Notes payable (long-term) & 22,700 & 53,100 \\ \hline Total liabilities & 41,000 & 73,900 \\ Equity & & \\ Common stock, \$5 par value & 162,900 & 127,800 \\ Retained earnings & 25,700 & 4,700 \\ Total liabilities and equity & $229,600 & $206,400 \\ \hline \end{tabular} \begin{tabular}{lr} \multicolumn{2}{c}{CRUZ,INCORPORATEDIncomeStatement} \\ \multicolumn{1}{c}{ For Year Ended December 31, 2021 } \\ Sales & $353,400 \\ Cost of goods sold & 227,500 \\ Gross profit & 125,900 \\ Operating expenses (excluding depreciation) & 64,500 \\ Depreciation expense & 27,200 \\ Income before taxes & 34,200 \\ Income taxes expense & 12,400 \\ \hline Net income & $21,800 \\ \hline \end{tabular} Use the indirect method to prepare the operating activities section of Cruz's statement of cash flows. Note: Amounts to be deducted should be indicated with a minus sign