A comparative balance sheet and income statement is shown for Cruz, Inc. 2018 CRUZ, INC. Comparative Balance Sheets December 31, 2019 2019 Assets Cash $ 85,600 Accounts receivable, net 36,800 Inventory 77,100 Prepaid expenses I 4,700 Total current assets 204, 200 Furniture 94,700 Accum. depreciation-Furniture (14,700) Total assets $284,200 Liabilities and Equity Accounts payable $ 13,400 Wages payable 8,000 Income taxes payable 1,400 Total current liabilities 22,800 Notes payable (long-term) 28,900 Total liabilities 51,700 Equity Common stock, $5 par value 204,000 "Retained earnings 28,500 Total liabilities and equity $284, 200 $ 21,300 45,200 84,900 3,900 155,300 110,500 (8,400) $257,400 $ 19,000 4,500 2,500 26,000 66,400 92,400 162,300 2,700 $257,400 CRUZ, INC. Income Statement For Year Ended December 31, 2019 Sales $440,700 Cost of goods sold 283,700 Gross profit 157,000 Operating expenses Nannininn Anon nan Income Statement For Year Ended December 31, 2019 Sales $440,700 Cost of goods sold 283,700 Gross profit 157,000 Operating expenses Depreciation expense $33,900 Other expenses 80,480 114,300 Income before taxes 42,700 Income taxes expense 15,500 Net income $ 27,200 1. Assume that all common stock is issued for cash. What amount of cash dividends is paid during 2019? 2. Assume that no additional notes payable are issued in 2019. What cash amount is paid to reduce the notes payable balance 2019? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Assume that all common stock is Issued for cash. What amount of cash dividends is paid during 2019? Retained Earnings Beg bal End, bal Complete this question by entering your answers in the tabs below. 01:23:45 Required 1 Required 2 Assume that no additional notes payable are issued in 2019. What cash amount is paid to reduce the notes payable balance in 2019? Notes Payable Bag, bal End, bal