Saved Use the following information for the Quick Study below. (The following information applies to the questions displayed below) A comparative balance sheet and income statement is shown for Cruz, Inc. CRUZ, INC. Comparative Balance Sheets December 31, 2017 2017 2016 Assets Cash 5.89,000 $22,100 Accounts receivable, net 38,200 46,900 Inventory 80,000 88,000 Prepaid expenses 4,900 4,000 Total current assets 212,100 161,000 Furniture 98,800 113,300 Accum. depreciation-Furniture 15.300 18.600) Total assets $ 295,500 5265.700 Liabilities and Equity Accounts payable $ 13,900 $ 19,500 Weges payable 8, 200 4,600 Income taxes payable 1,400 2,600 Total current llabilities 23,500 26,800 totes payable long-term) 28.900 69,00 Total liabilities 52,48095,800 Equity Common stock, ss par value 215.000 169,100 Income taxes expense Net income 16,00 $ 28,100 QS 12-14B Direct: Computing cash received from customers LO P5 1. How much cash is received from sales to customers for year 2017? Accounts Receivable Beg bal End, bal QS 12-15B Direct: Computing operating cash outflows LO P5 1. How much cash is paid to acquire inventory during year 2017? Cash paid for entory 2. How much cash is paid for other expenses" during year 2017 (Hint: Examine prepaid expenses and wages payable) Cash paid for other expenses QS 12-16B Direct: Computing cash from operations LO P5 Use the above balance sheet and income statement to prepare the cash provided (used) from operating activities section by direct method. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from operating activities