Required information Use the following information for the Quick Study below. The following information applies to the questions displayed below A comparative balance sheet and income statement is shown for Cruz, Inc. Comparative Balance Sheets December 31, 2017 e16 Assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Furniture Accum. depreciation-Furniture Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable Total current liabilities Notes payable (long-term) Total 1iabilities Equity Common stock, $5 par value Retained earnings Total liabi1ities and equity s 97,400 24,480 41,800 51,700 87,400 97,100 4,400 232,180 177,606e 111,000 124,780 5,500 (17,290) (9,400) $325,990 $292,90e s 15,480 21,506 9,2004,900 1,500 26,100 30,900 29,100 71,60 7, 100,700 232,600 185,600 6,600 325,900 $292,980 6,3080 CRUZ, INC Incone Statenent For Year Ended Decenber 31, 2017 Sales Cost of goods sold Gross profit Operating expenser $501,300 22.600 178,700 Depreciation expense 38,600 91,680 138,20a 48,580 17,7ee s30,80e Other expenses Income before taxes Income taxes expense Net income QS 12-11 Indirect: Computing cash from operations LO P2 Required: Use the indirect method to prepare the cash provided or used from operating activities section only of the statement of cash flows for this company. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from operating activities Adjustments to reconcile net income to operating cash fow Income statement items not affecting cash Changes in current operating assets and liabilities