Question: I need help with this question please! thank you! QS 16-7 (Algo) Indirect: Computing cash from operations LO P2 A comparative balance sheet and income

I need help with this question please! thank you!
I need help with this question please! thank you! QS 16-7 (Algo)
Indirect: Computing cash from operations LO P2 A comparative balance sheet and
income statement is shown for Cruz, Incorporated. 2020 CRUZ, INCORPORATED Comparative Balance

QS 16-7 (Algo) Indirect: Computing cash from operations LO P2 A comparative balance sheet and income statement is shown for Cruz, Incorporated. 2020 CRUZ, INCORPORATED Comparative Balance Sheets At December 31 2021 Assets Cash $ 99,000 Accounts receivable, net 42,800 Inventory 89,600 Prepaid expenses 5,600 Total current assets 237,000 Furniture 113,000 Accumulated depreciation-Furniture (17,600) Total assets $ 332,400 Liabilities and Equity Accounts payable $ 15,600 Wages payable 9,400 Incone taxes payable 1,500 Total current liabilities 26,500 Notes payable (long-term) 31,100 Total liabilities 57,600 Equity Common stock, 55 par value 238,600 Retained earnings 36,200 Total Habilities and equity $ 332,400 $ 25,000 53, 100 99,700 4,400 182,200 124,700 (9,400) $ 297,500 $ 21,900 5,200 2,700 29,800 65,700 95,500 190,000 12,000 $ 297,500 CRUZ, INCORPORATED Income Statement For Year Ended December 31, 2021 Sales $509,400 Equity Connon stock, 55 par value Retained earnings Total liabilities and equity 238,600 36,200 $ 332,400 190,000 12,000 $ 297,500 CRUZ, INCORPORATED Income Statement For Year Ended December 31, 2021 Sales Cost of goods sold Gross profit Operating expenses (excluding depreciation) Depreciation expense Income before taxes Income taxes expense Net income $509,400 327,800 181,600 92,900 39,200 49,500 18,100 $ 31,400 Required: Use the indirect method to prepare the operating activities section of Cruz's statement of cash flows. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from operating activites Adjustments to reconcile net income to net cash provided by operating activities Income statement toms not affecting cash Changes in current operating assets and abilities upuru penses LIVU UUTI Depreciation expense Income before taxes Income taxes expense Net income 12,900 39,200 49,500 18,100 $ 31,400 Required: Use the Indirect method to prepare the operating activities section of Cruz's statement of cash flows. (Amounts to be deducted should be indicated with o minus sign.) Cash flows from operating activities Adjustments to reconcile net income to net cash provided by operating activities Income statement toms not affecting cash Changes in current operating assets and liabilities 0 0 $

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