Required information Use the following information for the Quick Study below. A comparative balance sheet and income statement is shown for Cruz, Inc. CRUZ, INC Comparative Balance Sheets December 31, 2017 2017 2016 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 liabilities Equity Common stock, $5 par value Retained earnings Total liabilities and ecuity $ 72,900 18,100 31,300 38,400 65,60072,100 3, 300 173,800131,90e 80,60093,500 (12,500) (7,10) $241,900 S218,300 4,000 s 11,400S 16,100 3,800 2,100 19,400 22,008 6,800 1,200 24 809 55,829 44,20077,800 170, 300 134,800 27,400 3-700 $ 241,900 $218,300