1) The board of directors of Kendall Co. declared cash dividends totaling $390,000 during the current year. The comparative balance sheet indicates dividends payable of $58,000 at the beginning of the year and $73,000 at the end of the year.

What was the amount of cash paid for dividends during the year?

2) Cost of goods sold reported on the income statement was $155,000. The accounts payable balance increased by $8,000, and the inventory balance increased by $21,000 over the year.

Determine the amount of cash payments for merchandise.