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 2021 2020 $ 82,800 35,500 $ 20,600 43,700 74,300 82,000 4,600 3,700 197,200 92,800 (14,400) $ 275,600 $ 13,000 7,700 $ 246,800 $ 18,200 4,300 2,400 150,000 104,800 (8,000) Income taxes payable 1,300 Total current liabilities Notes payable (long-term) Total liabilities Equity Common stock, $5 par value Retained earnings 22,000 24,900 26,800 63,700 48,800 88,600 198,800 28,000 155,300 2,900 Total liabilities and equity $ 275,600 $ 246,800 CRUZ, INCORPORATED Income Statement For Year Ended December 31, 2021 $ 422,500 271,900 Sales Cost of goods sold Gross profit Operating expenses (excluding depreciation) Depreciation expense Income before taxes Income taxes expense Net income 150,600 77,100 32,500 41,000 14,900 $ 26,100 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?