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14 Required information Use the following information for the Quick Study below The following information applies to the questions displayed belowj A comparative balance sheet and Income statement is shown for Cruz, Inc. 1.12 points CRUZ, INC Comparative Balance Sheets December 31, 2017 eBook AssetS Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Furniture Accum. depreciation-Furniture Total assets S B9,000 22,100 46,900 88,000 4,000 212,100 161,000 98,800 113,300 B,600 $295,600 $265,700 38,200 80,000 4,900 Hint Print 15,300 Liabilities and Equity Accounts payabl Nages payable Income Total current liabilities Notes payable (long-term) Total liabilities Equity Common stock, $5 par value Retained earnings Total liabilities and equity Re erences S 13,900 19,600 4,600 2,600 26,800 28,90069,000 95, 800 8,200 1,400 23,500 taxes payable 52,400 800 $295,600 $265,700 215,000 169,100 28,200 CRUZ, INC Income Statement For Year Ended December 31, 2017 Sales Cost of goods sold Gross profit Operating expenses $454,900 292, 800 162,100 Depreciation expense $35,000 Other expenses Income before taxes Income taxes expense Net income B3,000 118,000 44,100 16,000 $ 28,100 points 0s 12-148 Direct: Computing cash received from customers Lo P5 eBook 1. How much cash is recelved from sales to customers for year 2017? Accounts Receivable Hint Beg. bal. Print End. bal. References 2. What is the net increase or decrease in cash for year 2017

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