CRUZ, INC. Comparative Balance Sheets December 31, 2019 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 2019 2018 $ 85,900 36,900 $ 21,600 77,200 45,800 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 1,300 2,400 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 Equity Common stock, $5 par value Retained earnings CRUZ, INC. Income Statement For Year Ended December 31, 2019 Sales Cost of goods sold Gross profit Operating expenses Depreciation expense Other expenses Income before taxes Income taxes expense Net income $444,200 285,900 158,300 $34,200 81,200 115,400 42,900 15,600 $ 27,300 Furniture costing $75,900 is sold at its book value in 2019. Acquisitions of furniture total $64,300 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. Complete the general ledger accounts to calculate cash received from the sale of furniture.