3 16.66 points A comparative balance sheet and income statement is shown for Cruz, Incorporated. Mc CRUZ, INCORPORATED Comparative Balance Sheets At December 31 2021 2020 Assets Cash Accounts receivable, net $ 99,300 $24,900 Inventory 42,600 52,800 Prepaid expenses 89,100 99,200 5,600 4,500 Common stock, $5 par value Total current assets Furniture Accumulated depreciation-Furniture: Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable Total current liabilities Notes payable (long-term) Total liabilities Equity 236,600 181,400 113,000 127,500 (17,500) (9,600) $332,100 $ 299,300 115,700 $ 22,000 9,400. 5,000 1,500 2,880 26,600 29,000 30,900 74,300 57,500 104,1001 241,200 192,000 Retained earnings, 33,400 2,600 Total Liabilities and equity $332,100 $299,300 CRUZ, INCORPORATED Income Statement For Year Ended Decenter 31, 2021 Sales Cost of goods sold Gross profit Operating expenses (excluding depreciation) Rangersation $512,300 339,700 102,600 93,500 4 Che