Hello,

I need help figuring this out. It has multiple parts so please help explain it all.

Required information Use the following information for the Quick Study below. [The following information applies to the questions displayed below. J A comparative balance sheet and income statement is shown for Cruz, Inc; CRUZ, INC. Comparative Balance Sheets December 31, 2017 2017 2016 Assets Cash $ 64,300 $ 16,100 Accounts receivable, net 27,600 34,100 Inventory 57,700 64,000 Prepaid expenses 3,600 2,900 Total current assets 153,200 117,100 Furniture 72,600 82,200 Accum. depreciationFurniture (11,200) (6,200) Total assets $214,600 $193,100 Liabilities and Equity Accounts payable $ 10,100 $ 14,200 Wages payable 6,000 3,300 Income taxes payable 1,000 1,800 Total current liabilities 17,100 19,300 Notes payable (long-term) 20,600 47,700 Total liabilities 37,700 67,000 Equity Common stock, $5 par value 154,700 123,700 Retained earnings 22,200 2,400 Total liabilities and equity $214,600 $193,100 CRUZ, INC. Income Statement For Year Ended December 31, 2017 Sales $330,500 Cost of goods sold 212,700 Gross profit 117,800 Operating expenses Depreciation expense $25,400 other expenses 60,300 85,700 Income before taxes 32,100 Income taxes expense 11,700 Net income $ 20,400 05 12-12 Computing cash from asset sales LO P3 Furniture costing $69,600 is sold at its book value in 2017. Acquisitions of furniture total $60,000 cash, on which no depreciation is necessary because it is acquired at yearend. What is the cash inflow related to the sale of furniture? \f05 12-13 Computing nancing cash outflows LO P3 1. Assume that all common stock is issued for cash. What amount of cash dividends is pai: 2. Assume that no additional notes payable are issued in 2017. What cash amount is paid