A comparative balance sheet and income statement is shown for Cruz, Incorporated. CRUZ, INCORPORATED Comparative Balance Sheets At December 31 2021 2020 Assets Cash $ 72,900 $ 18,100 Accounts receivable, net 31,300 38,400 Inventory 65,600 72,100 Prepaid expenses 4,000 3,300 Total current assets 173, 800 131,900 Furniture 80, 600 93,500 Accumulated depreciation-Furniture (12,500) (7,100) Total assets $ 241, 900 $ 218,300 Liabilities and Equity Accounts payable $ 11,400 $ 16,100 Wages payable 6, 800 3,800 Income taxes payable 1,200 2,100 Total current liabilities 19,400 22,000 Notes payable (long-term) 24,800 55,800 Total liabilities 44,200 77,800 Equity Common stock, $5 par value 170,300 139,800 Retained earnings 27,400 5,700 Total liabilities and equity $ 241, 900 $ 218,300 CRUZ, INCORPORATED Income Statement For Year Ended December 31, 2021 Sales Cost of goods sold Gross profit Operating expenses (excluding depreciation) Depreciation expense Income before taxes Income taxes expense Net income $ 373, 800 240, 600 133,200 68,300 28, 800 36,100 13,100 $ 23,000 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? 1. Assume that al common stock is issued for cash. What amount of cash dividends is paid during 2021 2. Assume that no addional notes payable are issued in 2021. What cash amount is paid to reduce the notes payable balance in 2021? Complete this question by entering your answers in the tabs below. Required. Required 2 Assume that all common stock is issued for cash. What amount of cash dividends is paid during 2021? Retained Eaming Beginning balance Ending be Regi) Required i Recuired 2 huma that no additional notes payable are issued in 2021. What cash amount is paid to reduce the notes payable balance in 2021 Nice Payable Beginning balance Ending