[The following information applies to the questions displayed below.] A comparative balance sheet and income...

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Accounting

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A comparative balance sheet and income statement is shown for Cruz, Incorporated.

CRUZ, INCORPORATED
Comparative Balance Sheets
At December 31 2021 2020
Assets
Cash $ 66,100 $ 16,600
Accounts receivable, net 28,500 35,200
Inventory 59,700 66,100
Prepaid expenses 3,700 3,000
Total current assets 158,000 120,900
Furniture 74,600 85,000
Accumulated depreciationFurniture (11,600) (6,400)
Total assets $ 221,000 $ 199,500
Liabilities and Equity
Accounts payable $ 10,400 $ 14,700
Wages payable 6,300 3,500
Income taxes payable 1,000 1,900
Total current liabilities 17,700 20,100
Notes payable (long-term) 20,700 50,500
Total liabilities 38,400 70,600
Equity
Common stock, $5 par value 159,500 125,000
Retained earnings 23,100 3,900
Total liabilities and equity $ 221,000 $ 199,500
CRUZ, INCORPORATED
Income Statement
For Year Ended December 31, 2021
Sales $ 341,600
Cost of goods sold 219,800
Gross profit 121,800
Operating expenses (excluding depreciation) 62,400
Depreciation expense 26,300
Income before taxes 33,100
Income taxes expense 12,100
Net income $ 21,000

  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

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