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i Saved ws from Investing Required information Use the following information for the Quick Study below. A comparative balance sheet and income statement is shown

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i Saved ws from Investing Required information Use the following information for the Quick Study below. A comparative balance sheet and income statement is shown for Cruz, Inc. CRUZ, INC. Comparative Balance Sheets December 31, 2017 2017 2016 Assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Furniture Accum. depreciation-Furniture Total assets 64,300 S 16,100 34,100 57,70064,e00 3,692,90 153, 200 117,100 72,60082,200 27,600 (11,200)(6 200) $214,600 $193,100 Liabilities and Equity Accounts payable lages payable Income taxes payable Total current liabilities s 1e,100 S 14,203 3, 300 1,800 19, 300 6, 900 1,909 17,100 otes payable (Long-tem) Total labilities Equity Common stock, $5 par value 37 700 67 000 154,700 123 7eo Retained eannines Total 14abilities and eduty 2 400 $214, 630$195 200

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