Use the following information for the Quick Study below. $($Algo$)$

Skip to question

$[$The following information applies to the questions displayed below.$]$

A comparative balance sheet and income statement is shown for Cruz, Incorporate. $1.$ How much cash is received from sales to customers for year $2021?$ Assume all the sales were made on credit basis.

$2.$ What is the net increase or decrease in the Cash account for year $2021?$ QS $16-26$B $($Algo$)$ Direct: Computing cash received from customers LO P$5$

How much cash is received from sales to customers for year $2021?$ Assume all the sales were made on credit basi:

What is the net increase or decrease in the Cash account for year $2021?$

Complete this question by entering your answers in the tabs below.

How much cash is received from sales to customers for year $2021?$ Assume all the sales were made on credit basis. $3.$ How much cash is paid to acquire inventory during year $2021?$

$4.$ How much cash is paid for operating expenses $($excluding depreciation$)$ during year $2021?$ Hint: Examine prepaid expenses and wages payable.