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QS 12-7 (Algo) Indirect: Computing cash from operations LO P2 A comparative balance sheet and income statement is shown for Cruz, Incorporated. CRUZ, INCORPORATED Comparative
QS 12-7 (Algo) Indirect: Computing cash from operations LO P2 A comparative balance sheet and income statement is shown for Cruz, Incorporated. CRUZ, INCORPORATED Comparative Balance Sheets At December 31 2021 2020 Assets Cash $ 90,700 $ 22,700 Accounts receivable, net 38,900 48,100 Inventory 81,300 90,300 Prepaid expenses 5,100 4,100 Total current assets 216,000 165,200 Furniture 102,900 116,200 Accumulated depreciationFurniture (15,900) (8,800) Total assets $ 303,000 $ 272,600 Liabilities and Equi
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