CRUZ, INC. Comparative Balance Sheets December 31, 2019 2019 2018 Assets Cash $ 85,900 $ 21,600 Accounts receivable, net Inventory Prepaid expenses Total current assets Furniture Accum. depreciation-Furniture Total assets Liabilities and Equity Accounts payable Wages payable 36,900 45,800 77,200 86,000 4,900 3,900 204,900 157,300 98,900 110,500 (15,300) (8,300) $288,500 $259,500 $ 13,600 $ 19,100 8,100 4,300 Income taxes payable 1,300 2,400 Total current liabilities Notes payable (long-term) Total liabilities Equity Common stock, $5 par value Retained earnings 23,000 25,800 26,800 63,700 49,800 89,500 207,600 165,100 31,100 4,900 Total liabilities and equity $288,500 $259,500 CRUZ, INC. Income Statement For Year Ended December 31, 2019 Sales Cost of goods sold Gross profit $444,200 285,900 158.300 Check my work