20 A comparative balance sheet and income statement is shown for Cruz, Incorporated. CRUZ, INCORPORATED Comparative Balance Sheets At December 31 2021 2020 Assets Cash $ 62,700 $ 15,700 Accounts receivable, net 27,000 33,300 ints Inventory 56,600 62,500 Prepaid expenses 3,500 2,900 02:10:17 Total current assets 149,800 114,400 70,500 (10,900) 82,200 (6,200) $ 190,400 Furniture Accumulated depreciation-Furniture Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable Total current liabilities Notes payable (long-term) Total liabilities Equity Common stock, $5 par value Retained earnings $ 209,400 $ 9,900 $ 14,000 5,900 3,300 1,000 1,800 16,800 19,100 20,700 47,800 37,500 66,900 152,200 123,000 19,700 500 Total liabilities and equity $ 209,400 $ 190,400 CRUZ, INCORPORATED Income Statement Sales For Year Ended December 31, 2021 $ 326,000 Cost of goods sold Gross profit Operating expenses (excluding depreciation) Depreciation expense Income before taxes Income taxes expense 209,800 116,200 59,500 25,100 31,600 11,500 $ 20,100 Net income 1. Assume that all common stock is issued for cash. What amount of cash dividends is paid during 2. Assume that no additional notes payable are issued in 2021. What cash amount is paid to redu