A comparative balance sheet and income statement is shown for Cruz, Incorporated. CRUZ, INCORPORATED Comparative Balance Sheets At December 31 Assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Furniture Accumulated depreciation-Furniture Total assets Liabilities and Equity Accounts payable Wages payable 2021 2020 $ 62,700 27,000 $ 15,700 33,300 56,600 62,500 3,500 2,900 149,800 114,400 70,500 (10,900) $ 209,400 $ 9,900 82,200 (6,200) $ 190,400 $ 14,000 5,900 3,300 Income taxes payable 1,000 1,800 Total current liabilities Notes payable (long-term) Total liabilities Equity Common stock, $5 par value Retained earnings 16,800 19,100 20,700 47,800 37,500 66,900 152,200 123,000 19,700 500 Total liabilities and equity 209,400 $ 190,400