Use the following information for the Quick Study below. A comparative balance sheet and income statement is shown for Cr 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 $ 72,980 18,100 38,400 65,600 72,100 3,300 173,800 131,900 93,500 12,500)7 100) $241,900 $218,300 31,300 4,000 80,600 s 11,400 s 16,100 3, 800 2,100 22,000 6,800 1,200 19,400 Income taxes payable Total current liabilities Notes payable (long-term) Total 1iabilities 44,2e0 77,800 Equity Common stock, $5 par value Retained earnings Total 1iabilities and equity 179,300134 80e 27,400 5,700 s 241,9a0 $218,300 umu 1.46 points Beg. bal. Sale of assets 7,100 28,800 End. bal. 35,900 Cost Accumulated depreciation Book value (Cash received) 67,900 23.400 44,500