Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below] Use the following information for the Quick Study below. (Algo) Ime following information applies to the questions disployed below) A comparafive balance sheet and income statement is shown for Cruz, Incorporated. QS 12.27B (Algo) Direct: Computing operating cash outflows LO P5 1. How much cash is paid to acquire inventory during year 2021 ? 2. How much cash is paid for operating expenses (excluding depreciation) during year 2021? Hint: Examine prepaid expenses and wages payable. 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? Complete this question by entering your answers in the tabs below. How moch cash is received from sales to customers for year 2021? Assume all the sales were made on credit basis