Check my work 1 CRUZ, INCORPORATED Comparative Balance Sheets At December 31 Assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Furniture Accumulated 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 20212020 $64,300 $16,100 27,60034,100 57,70064,000 \begin{tabular}{rr} 3,600 & 2,900 \\ \hline 153,200 & 117,100 \end{tabular} \begin{tabular}{rr} (11,200) & (6,200) \\ \hline$214,600 & $193,100 \\ \hline \hline \end{tabular} \begin{tabular}{rr} \hline$10,100 & $14,200 \\ 6,000 & 3,300 \\ 1,000 & 1,800 \\ \hline 17,100 & 19,300 \\ 20,600 & 47,700 \\ \hline 37,700 & 67,000 \\ 154,700 & 123,700 \\ 22,200 & 2,400 \\ \hline$214,600 & $193,100 \\ \hline \hline \end{tabular} CRUZ, INCORPORATED Income Statement For Year Ended December 31, 2021 Sales Cost of goods sold Gross profit Operating expenses (excluding depreciation) Depreciation expense Income before taxes Income taxes expense Net income $330,500212,700117,80060,30025,40032,10011,700$20,400 $71,500 is sold at its book value in 2021 . Acquisitions of furniture total $61,900 cash, on which no depreciation is necessary because it is acquired at year-end. Complete the general ledger accounts to calculate cash received from the sale of furniture