A comparative balance sheet and income statement is shown for Cruz, Incorporated. CRUZ, INCORPORATED Comparative Balance Sheets At December 31 2021 2020 Assets Cash $ 94,800 $ 24,000 59 Accounts receivable, net 41,000 51,000 Prepaid expenses Inventory 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 Common stock, $5 par value Retained earnings 85,800 5,400 227,000 5,000 1,400 2,600 25,400 28,600 29,000 69,000 54,400 97,600 229,000 35,600 179,000 8,400 Total liabilities and equity $ 319,000 $ 285,000 CRUZ, INCORPORATED 109,000 (17,000) $ 319,000 $ 15,000 9,000 95,800 4,200 175,000 119,000 (9,000) $ 285,000 $ 21,000