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.

CRUZ, INC. Comparative Balance Sheets December 31, 2017
		2017				2016
Assets
Cash	$	66,100			$	16,600
Accounts receivable, net		28,500				35,200
Inventory		59,700				66,100
Prepaid expenses		3,700				3,000
Total current assets		158,000				120,900
Furniture		74,600				85,000
Accum. depreciationFurniture		(11,600	)			(6,400	)
Total assets	$	221,000			$	199,500
Liabilities and Equity
Accounts payable	$	10,400			$	14,700
Wages payable		6,300				3,500
Income taxes payable		1,000				1,900
Total current liabilities		17,700				20,100
Notes payable (long-term)		20,700				50,500
Total liabilities		38,400				70,600
Equity
Common stock, $5 par value		159,500				125,000
Retained earnings		23,100				3,900
Total liabilities and equity	$	221,000			$	199,500

CRUZ, INC. Income Statement For Year Ended December 31, 2017
Sales				$	341,600
Cost of goods sold					219,800
Gross profit					121,800
Operating expenses
Depreciation expense	$	26,300
Other expenses		62,400			88,700
Income before taxes					33,100
Income taxes expense					12,100
Net income				$	21,000

QS 12-14B Direct: Computing cash received from customers LO P5

1. How much cash is received from sales to customers for year 2017?

2. What is the net increase or decrease in cash for year 2017?