A comparative balance sheet and income statement is shown for Cruz, Incorporated. CRUZ, INCORPORATED Comparative Balance Sheets At December 31 Assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets 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 Total liabilities and equity 2021 2020 $ 85,900 36,900 77,200 $ 21,600 45,800 86,000 4,900 3,900 204,900 98,900 (15,300) $ 288,500 $ 13,600 8,100 $ 259,500 $ 19,100 4,300 157,300 110,500 (8,300) 1,300 2,400 23,000 25,800 26,800 63,700 49,800 89,500 207,600 31,100 165,100 4,900 $ 288,500 $ 259,500 CRUZ, INCORPORATED Income Statement For Year Ended December 31, 2021 $ 444,200 285,900 158,300 Sales Cost of goods sold Gross profit Operating expenses (excluding depreciation) Depreciation expense Income before taxes Income taxes expense Net income 81,200 34,200 42,900 15,600 $ 27,300 1. Assume that all common stock is issued for cash. What amount of cash dividends is paid during 2021? 2. Assume that no additional notes payable are issued in 2021. What cash amount is paid to reduce the notes payable balance in 2021?