2021 2020 $10,860,000 7,091,580 365,620 $8,500,000 6,000,000 258,000 Income Statement Information Sales revenue Cost of goods sold Net income Balance Sheet Information Current assets Long-term assets Total assets Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and stockholders' equity $ 1,610,000 2,210,000 3,820,000 $ 1,210,000 1,490,000 810,000 310,000 $ 3,820,082 $1,510,000 1,910,000 $3,420,000 $ 910,000 1,490,000 810,000 210,000 $3,420,000 Required: 1. Calculate the following profitability ratios for 2021: (Round your answers to 1 decimal place.) Profitability Ratios a. Gross profit ratio Return on assets c. Profit margin d. Asset turnover e Return on equity times 0 2. Determine the amount of dividends paid to shareholders in 2021. The amount of dividends paid