[The following information applies to the questions displayed below.) A comparative balance sheet and income statement is shown for Cruz, Incorporated. 2020 CRUZ, INCORPORATED Comparative Balance Sheets At December 31 2021 Assets Cash $ 72,900 Accounts receivable, net 31,300 Inventory 65,600 Prepaid expenses 4,000 Total current assets 173,800 Furniture 80,600 Accumulated depreciation-Furniture (12,500) Total assets $ 241,900 Liabilities and Equity Accounts payable $ 11,400 Wages payable 6,800 Income taxes payable 1,200 Total current liabilities 19,400 Notes payable (long-term) 24,800 Total liabilities 44,200 Equity Common stock, $5 par value 170,300 Retained earnings 27,400 Total liabilities and equity $ 241,900 $ 18, 100 38, 400 72,100 3,300 131,900 93,500 (7,100) $ 218,300 $ 16,100 3,800 2,100 22,000 55,800 77,800 134,800 5,700 $ 218,300 CRUZ, INCORPORATED Income Statement For Year Ended December 31, 2021 Sales Cost of goods sold Gross profit Operating expenses (excluding depreciation) Depreciation exuense $ 373,800 240.600 133,200 68,300 28.800 Total liabilities and equity $ 241,900 $ 218,300 CRUZ, INCORPORATED Income Statement For Year Ended December 31, 2021 Sales Cost of goods sold Gross profit Operating expenses (excluding depreciation) Depreciation expense Income before taxes Income taxes expense Net income $ 373,800 240,600 133,200 68,300 28,800 36,100 13,100 $ 23,000 ces 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. Accounts Recelvable Boginning balance Total liabilities and equity 44 YUU 210, SUU CRUZ, INCORPORATED Income Statement For Year Ended December 31, 2021 Sales Cost of goods sold Gross profit Operating expenses (excluding depreciation) Depreciation expense Income before taxes Income taxes expense Net income $ 373,800 240,600 133,200 68,300 28,800 36,100 13,100 $ 23,000 es 1. How much cash is received from sales to customers for year 2021? Assume all the sales were made 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?