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Use the balance sheets and income statement given below to answer the following: CRUZ, INC. Comparative Balance Sheets December 31, 2013 2013 2012 Assets Cash

Use the balance sheets and income statement given below to answer the following:

CRUZ, INC. Comparative Balance Sheets December 31, 2013
2013 2012
Assets
Cash $ 94,800 $ 24,000
Accounts receivable, net 41,000 51,000
Inventory 85,800 95,800
Prepaid expenses 5,400 4,200
Furniture 109,000 119,000
Accum. depreciation-Furniture (17,000 ) (9,000 )
Total assets $ 319,000 $ 285,000
Liabilities and Equity
Accounts payable $ 15,000 $ 21,000
Wages payable 9,000 5,000
Income taxes payable 1,400 2,600
Notes payable (long-term) 29,000 69,000
Common stock, $5 par value 229,000 179,000
Retained earnings 35,600 8,400
Total liabilities and equity $ 319,000 $ 285,000
CRUZ, INC. Income Statement For Year Ended December 31, 2013
Sales $ 488,000
Cost of goods sold 314,000
Gross profit 174,000
Operating expenses
Depreciation expense $ 37,600
Other expenses 89,100 126,700
Income before taxes 47,300
Income taxes expense 17,300
Net income $ 30,000

1.

How much cash is paid to acquire merchandise inventory during year 2013?

2.

How much cash is paid for operating expenses during year 2013?

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