A comparative balance sheet and income statement is shown for Cruz, Inc. 2016 CRUZ, INC. Comparative Balance Sheets December 31, 2017 2017 Assets Cash $ 71,600 Accounts receivable, net 30,900 Inventory 64,700 Prepaid expenses 4,000 Total current assets 171,200 Furniture 80,600 Accum. depreciation-Furniture (12,500) Total assets $239,300 Liabilities and Equity Accounts payable $ 11,300 Wages payable 6,800 Income taxes payable 1,100 Total current liabilities 19,200 Notes payable (long-term) 22,800 Total liabilities 42,000 Equity Common stock, $5 par value 174,100 Retained earnings 23,200 Total liabilities and equity $239,300 $ 18,000 38,200 71,700 3,300 131,200 93,500 (7,000) $217,700 $ 16,000 3,800 2,100 21,900 55,800 77,700 138,700 1,300 $217,700 CRUZ, INC. Income Statement For Year Ended December 31, 2017 Sales $372,800 Cost of goods sold 239,900 Gross profit 132,900 Operating expenses Depreciation expense $28,700 Other expenses 68,100 96,800 Income before taxes 36,100 CRUZ, INC. Income Statement For Year Ended December 31, 2017 Sales $372,800 Cost of goods sold 239,900 Gross profit 132,900 Operating expenses Depreciation expense $28,700 Other expenses 68,100 96,800 Income before taxes 36,100 Income taxes expense 13,200 Net income $ 22,900 QS 12-16B Direct: Computing cash from operations LO P5 Use the above balance sheet and income statement to prepare the cash provided (used) from operating activities section by direct method. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from operating activities