QS 16-11B Direct Computing cash from operatlons LO PE Use the bal ance sheets and income statement given below to answer the following: CRUZ, INC. Comparative Balance Sheets December 31, 2013 2013 2012 Assets Cash Accounts receivable, net Inventory Prepaid expenses Furniture Accum. depreciation-Furniture $94,800 24,000 41,000 51,000 85,800 95,800 4,200 109,000 119,000 (9.000) 5,400 (17,000) Total assets $319,000 $285,000 Liabilities and Equity Accounts payable Wages payable Income taxes payable Notes payable (long-term) Common stock, $5 par value Retained eamings $ 15,000 21,000 9,000 5,000 2,600 29,000 69,000 229,000 179,000 8,400 1,400 35,600 Total liabilities and equity $319000 $285,000 CRUZ, INC Income Statement