A comparative balance sheet and income statement is shown for Cruz, Incorporated.

Assume that all common stock is issued for cash. What amount of cash dividends is paid during $2021?$

Assume that no additional notes payable are issued in $2021.$ What cash amount is paid to reduce the notes payable balance in

$2021?$

Answer is complete but not entirely correct.

Complete this question by entering your answers in the tabs below.

Required $2$

Assume that all common stock is issued for cash. What amount of cash dividends is paid during $2021?$QS $16-17($Algo$)$ Computing financing cash outflows LO P$3$

A comparative balance sheet and income statement is shown for Cruz, Incorporated.

CRUZ, INCORPORATED

Income Statement

Assume that all common stock is issued for cash. What amount of cash dividends is paid during $2021?$

Assume that no additional notes payable are issued in $2021.$ What cash amount is paid to reduce the notes payable balance in

$2021?$

Answer is complete but not entirely correct.

Complete this question by entering your answers in the tabs below.

Assume that no additional notes payable are issued in $2021.$ What cash amount is paid to reduce the notes payable bance in

$2021?$