CRUZ, INC. Comparative Balance Sheets December 31, 2019 2019 2018 Assets Cash $ 99,000 $ 25,000 Accounts receivable, net Inventory Prepaid expenses Total current assets Furniture Accum. depreciation-Furniture Total assets Liabilities and Equity Accounts payable Wages payable 42,800 53,100 89,600 99,700 5,600 4,400 237,000 182,200 113,000 124,700 (17,600) (9,400) $332,400 $297,500 $ 15,600 $ 21,900 9,400 5,200 Income taxes payable 1,500 2,700 Total current liabilities 26,500 29,800 Notes payable (long-term) 31,100 65,700 Total liabilities 57,600 95,500 Equity Common stock, $5 par value 238,600 190,000 Retained earnings 36,200 12,000 Total liabilities and equity $332,400) $297,500 #3 CRUZ, INC. Income Statement Ear Yaar Ended haranhar 31 Jato < Prev 10 of 10 Nex % & 5 6 7 E R T Y U D F G H X C V B N