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 Income taxes payable Total current liabilities Notes payable (long-term) Total liabilities Equity Common stock, $5 par value Retained earnings Total liabilities and equity 2021 2020 $ 75,900 32,600 $ 18,900 40,100 68,300 75,300 4,200 3,500 181,000 137,800 84,600 99,200 (7,500) (13,100) $ 252,500 $ 11,900 7,100 $ 229,500 $ 16,900 4,000 1,200 2,200 20,200 23,100 24,800 58,400 45,000 81,500 177,300 141,500 30,200 6,500 $ 252,500 $ 229,500