CRUZ, INCORPORATED Comparative Balance Sheets At December 31 2021 2020 Assets Cash $ 73,200 $ 18,300 Accounts receivable, net 31,400 38,800 Inventory 65,700 72,800 Prepaid expenses 4,100 3,300 Total current assets 174,400 133,200 Furniture 82,700 93,500 Accumulated depreciation—Furniture (12,800) (7,100) Total assets $ 244,300 $ 219,600 Liabilities and Equity Accounts payable $ 11,500 $ 16,200 Wages payable 6,800 3,800 Income taxes payable 1,100 2,100 Total current liabilities 19,400 22,100 Notes payable (long-term) 22,700 55,700 Total liabilities 42,100 77,800 Equity Common stock, $5 par value 173,100 134,500 Retained earnings 29,100 7,300 Total liabilities and equity $ 244,300 $ 219,600 CRUZ, INCORPORATED Income Statement For Year Ended December 31, 2021 Sales $ 375,900 Cost of goods sold 241,900 Gross profit 134,000 Operating expenses (excluding depreciation) 68,600 Depreciation expense 28,900 Income before taxes 36,500 Income taxes expense 13,300 Net income $ 23,200 Furniture costing $70,400 is sold at its book value in 2021. Acquisitions of furniture total $59,600 cash, on which no depreciation is necessary because it is acquired at year-end. Complete the general ledger accounts to calculate cash received from the sale of furniture.