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, Incorporated. CRUZ, INCORPORATED Comparative Balance Sheets At December 31 2021 2020 Assets Cash $ 62,700 $ 15,700 Accounts receivable, net 27,000 33,300 Inventory 56,600 62,500 Prepaid expenses 3,500 2,900 Total current assets 149,800 114,400 Furniture 70,500 82,200 Accumulated depreciationFurniture (10,900) (6,200) Total assets $ 209,400 $ 190,400 Liabilities and Equity Accounts payable $ 9,900 $ 14,000 Wages payable 5,900 3,300 Income taxes payable 1,000 1,800 Total current liabilities 16,800 19,100 Notes payable (long-term) 20,700 47,800 Total liabilities 37,500 66,900 Equity Common stock, $5 par value 152,200 123,000 Retained earnings 19,700 500 Total liabilities and equity $ 209,400 $ 190,400 CRUZ, INCORPORATED Income Statement For Year Ended December 31, 2021 Sales $ 326,000 Cost of goods sold 209,800 Gross profit 116,200 Operating expenses (excluding depreciation) 59,500 Depreciation expense 25,100 Income before taxes 31,600 Income taxes expense 11,500 Net income $ 20,100 QS 16-26B (Algo) Direct: Computing cash received from customers LO P5 How much cash is received from sales to customers for year 2021? Assume all the sales were made on credit basis. What is the net increase or decrease in the Cash account for year 2021