CRUZ, INC. Comparative Balance Sheets December 31, 2019 2019 Assets Cash $ 90,700 2018 $ 22,700 Accounts receivable, net. Inventory Prepaid expenses Total current assets Furniture 38,900 48,100 81,300 90,300 5,100 4,100 216,000 165,200 102,900 116,200 Accun. depreciation-Furniture (15,900) (8,800) Total assets $303,000 $272,600 Liabilities and Equity Accounts payable $14,300 $ 20,000 Wages payable 8,500 4,600 Income taxes payable 1,400 2,500 Total current liabilities 24,200 27,100 Notes payable (long-term) 28,800 66,300 Total liabilities 53,000 93,400 Equity Common stock, $5 par value 215, 100 171,900 Retained earnings 34,900 7,300 Total liabilities and equity $303,000 $272,600