Required information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] A comparative balance sheet and income statement is shown for Cruz, Incorporated. CRUZ, INCORPORATED Comparative Balance Sheets At December 31 2021 2020 Assets Inventory Cash Accounts receivable, net Prepaid expenses Total current assets $ 62,700 27,000 $ 15,700 33,300 56,600 62,500 3,500 2,900 149,800 114,400 70,500 Furniture Accumulated 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 equity Caloc (10,900) 82,200 (6,200) $ 190,400 $ 209,400 $ 9,900 5,900 $ 14,000 3,300 1,000 1,800 16,800 19,100 20,700 47,800 37,500 66,900 152,200 19,700 123,000 500 $ 209,400 $ 190,400 CRUZ, INCORPORATED Income Statement For Year Ended December 31, 2021 $ 326 9aa