Use the following information for the Quick Study below. (Algo) The following information applies to the questions displayed below.] A comparative balance sheet and income statement is shown for Cruz, Incorporated. 2020 CRUZ, INCORPORATED Comparative Balance Sheets At December 31 2021 Assets Cash $ 91,188 Accounts receivable, net 39,180 Inventory 81,800 Prepaid expenses 5,280 Total current assets 217,280 Furniture 185, eee Accumulated depreciation-Furniture (16,289) Total assets $ 306,808 Liabilities and Equity Accounts payable $ 14,482 Wages payable 8,689 Income taxes payable 1,400 Total current liabilities 24,400 Notes payable (long-term) 28,999 Total liabilities S3, 300 Equity Common stock, $5 par value 216,488 Retained earnings 36, 308 Total liabilities and equity $ 3e6, eee $ 22,900 48,600 91, 309 4,100 166,990 116,200 (8,780) $ 274,400 $ 20,200 4,500 2,500 27, 200 66,400 93,600 172, 100 8,789 $ 274,400 CRUZ, INCORPORATED Income Statement For Year Ended December 31, 2021 Sales Cost of goods sold Gross profit Operating expenses (excluding depreciation) Depreciation expense Income before taxes Income taxes expense Net income $ 469, 788 302, 380 167,400 85,9ee 36, 289 45,380 16,500 $ 28, see 53,388 93,6ee Total liabilities Equity Common stock, $5 par value Retained earnings Total liabilities and equity 216) 480 36,308 5 386,000 172, 100 8,700 $ 274, 400 CRUZ INCORPORATED Income Statement Fon Year Ended December 31, 2021 Sales Cost of goods sold Gross profit Operating expenses (excluding depreciation Depreciation expense Income before takes Income taxes expense Net income 469, 700 202.820 167400 B5,990 16220 49,300 16,500 $ 28,800 QS 12-26B (Algo) Direct: Computing cash recelved from customers LO P5 1. How much cash is received from sales to customers for year 20212 Assume all the sales were made on credit 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. Required 1 Required 2 How much cash is received from sales to customers for year 2021? Assume all the sales were made on credit basis. Accounts Receivable Beginning balance Ending Balance 0 Required 2 > QS 12-16 (Algo) Computing cash flows from financing LO P3 Cash received from long-term notes payable Purchase of investments Cash dividends paid Interest paid $ 73,000 18,300 58,600 29,300 Compute cash flows from financing activities using the above company information. (A a minus sign.) Financing Activities $