Required information [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 Assets Cash Accounts receivable, net Prepaid expenses Inventory Total current assets Furniture Accumulated depreciation-Furniture Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable Total current liabilities. Notes payable (long-term) Total liabilities Equity Common stock, $5 par value Retained earnings Total liabilities and equity CRUZ, INCORPORATED Income Statement 2021 2020 $ 64,300 $ 16,100 27,600 57,700 34,100 64,000 3,600 2,900 153,200 117,100 72,600 (11,200) $ 214,600 $ 10,100 6,000 82,200 (6,200) $ 193,100 $ 14,200 3,300 1,800 1,000 17,100 19,300 20,600 47,700 37,700 67,000 154,700 22,200 123,700 2,400 $ 214,600 $ 193,100 For Year Ended December 31, 2021 Sales Cost of goods sold $ 330,500 212,700 117,800 Gross profit Operating expenses (excluding depreciation) Depreciation expense Income before taxes Income taxes expense Net income 60,300 25,400 32,100 11,700 $ 20,400 1. How much cash is received from sales to customers for year 2021? Assume all the sales were made on credit basis. 2. What is the net increase or decrease in the Cash account for year 2021? Complete this question by entering your answers in the tabs below. Required 1 Required 2 How much cash is received from sales to customers for year 2021? Assume all the sales were made on credit basis. Beginning balance Accounts Receivable Ending Balance. 2:26:52 1. How much cash is received from sales to customers for year 2021? Assume all the sales were made on credit basis. 2. What is the net increase or decrease in the Cash account for year 2021? Complete this question by entering your answers in the tabs below. Required 1 Required 2 What is the net increase or decrease in the Cash account for year 2021?