MEMIUM [The following information applies to the questions displayed below) A comparative balance sheet and income statement is shown for Cruz, Incorporated, CRUZ, INCORPORATED Comparative Balance Sheets At December 31 2021 2020 Assets Cash $ 97,480 $ 24,490 Accounts receivable, net 41,800 51,700 Inventory 87,400 97,180 Prepaid expenses 5,5ee 4,400 Total current assets 232, 100 177,600 Furniture 111,web 124,700 Accumulated depreciation-Furniture (17,200) 19,400) Total assets $ 325,900 $ 292,900 Liabilities and Equity Accounts payable $ 15,400 $ 21,500 Wages payable 9,200 4,900 Income taxes payable 1,500 2,700 Total current liabilities 26, 100 29,109 Notes payable (long-term) 30,900 71,600 Total liabilities 57,800 100,700 Equity Common stock, 55 par value 232,600 185,600 Retained earnings 36,300 6,600 Total liabilities and equity $ 325,900 $ 292,900 CRUZ, INCORPORATED Income Statement For Year Ended December 31, 2021 Sales Cost of goods sold Gross profit Operating expenses (excluding depreciation) Depreciation expense Income before taxes Income taxes expense Net income $ 501,300 322,600 178,700 91,600 38.500 48,500 17/700 $ 39,800 Use the above balance sheet and income statement to prepare the operating activities section by direct method. Assume all the sales were made on credit basis. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from operating activities 0