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A comparative balance sheet and income statement is shown for Cruz, Inc. CRUZ, INC Comparative Balance Sheets December 31, 2015 2015 2014 Assets Cash Accounts receivable, net Inventory Prepaid expenses $ 69,200 $ 17,200 36,500 29,700 62,200 68,500 3,800 3,100 Total current assets Furniture Accum. depreciation-Furniture 11,900) (6,700) 164,900 125,300 87,800 76,600 Total assets $229,600 $206,400 Liabilities and Equity Accounts payable Wages payable Income taxes payable $ 10,800 $ 15,200 3,600 2,000 6,400 1,100 Total current liabilities Notes payable (long-term) 18,300 22,700 20,800 53,100 41,000 Total liabilities Equity Common stock, $5 par value Retained earnings 73,900 162,900 127,800 4,700 25,700 Total liabilities and equity $229,600 $206,400