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 Prepaid expenses Inventory Total current assets Furniture Accumulated depreciation-Furniture Total assets Liabilities and Equity Accounts payable Wages payable 2021 2020 $ 64,400 27,800 $ 16,200 34,400 58,200 64,600 3,600 2,900 118,100 154,000 72,600 (11,300) $ 215,300 $ 10,100 6,100 82,200 (6,200) $ 194,100 $ 14,300 3,400 Income taxes payable 1,000 1,800 Total current liabilities Notes payable (long-term) Total liabilities Equity Common stock, $5 par value Retained earnings 17,200 19,500 20,700 47,800 37,900 67,300 154,500 124,000 22,900 Total liabilities and equity $ 215,300 2,800 $ 194,100 CRUZ, INCORPORATED Income Statement Sales Cost of goods sold For Year Ended December 31, 2021 $ 332,400 213,900 118,500 60,700 Gross profit Operating expenses (excluding depreciation) Depreciation expense Income before taxes Income taxes expense Net income 25,600 32,200 11,800 $ 20,400 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. Beginning balance Accounts Receivable Accounts recovered Accounts written off < Required 1 Required 2 > Cash collections from customers Sales on account