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 Wages payable Accounts 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 Sales 2021 2020 $ 89,000 38,200 $ 22,100 46,900 80,000 88,000 4,900 4,000 161,000 212,100 98,800 (15,300) $ 295,600 $ 13,900 8,200 113,300 (8,600) $ 265,700 $ 19,600 4,600 2,600 1,400 23,500 26,800 28,900 69,000 52,400 95,800 215,000 28,200 169,100 800 $ 295,600 $ 265,700 CRUZ, INCORPORATED Income Statement For Year Ended December 31, 2021 $ 454,900 292,800 Cost of goods sold Gross profit Operating expenses (excluding depreciation) Depreciation expense Income before taxes Income taxes expense Net income 162,100 83,000 35,000 44,100 16,000 $ 28,100 1. How much cash is paid to acquire inventory during year 2021? 2. How much cash is paid for operating expenses (excluding depreciation) during year 2021? Hint Examine prepaid expenses and wages payable. 1 Cash paid for inventory 2 Cash paid for operating expenses