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BER 2019 2018 $ 64,300 27,600 57,700 3,600 153,200 72,600 (11,200) $214,600 $ 16, 100 34,100 64,000 2.900 117,190 82,200 (6,200) $193, 109 Assets Cash

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BER 2019 2018 $ 64,300 27,600 57,700 3,600 153,200 72,600 (11,200) $214,600 $ 16, 100 34,100 64,000 2.900 117,190 82,200 (6,200) $193, 109 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 Common stock, $5 par value Retained earnings Total liabilities and equity $ 10,100 6,000 1,000 17,100 20,600 37,700 $ 14,200 3,300 1,800 19,300 47,700 67,000 154,700 22,200 $ 214,600 123,700 2,400 $ 193, 100 CRUZ, INC. Income Statement For Year Ended December 31, 2019 Sales $330,500 Cost of goods sold 212,700 Gross profit 117,800 Operating expenses Depreciation expense $ 25,400 Other expenses 60,300 85,700 Income before taxes 32,100 Income taxes expense 11,700 Net income $ 20,400 Required:

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