A comparative balance sheet and income statement is shown for Cruz, Incorporated. CRUZ, INCORPORATED Comparative Balance Sheets At December 31 2021 2020 Assets Cash $ 82,800 $ 20,600 Accounts receivable, net 35,500 43,700 Inventory 74,300 82,000 Prepaid expenses 4,600 3,700 Total current assets 197,200 150,000 Furniture 92,800 104,800 Accumulated depreciationFurniture (14,400) (8,000) Total assets $ 275,600 $ 246,800 Liabilities and Equity Accounts payable $ 13,000 $ 18,200 Wages payable 7,700 4,300 Income taxes payable 1,300 2,400 Total current liabilities 22,000 24,900 Notes payable (long-term) 26,800 63,700 Total liabilities 48,800 88,600 Equity Common stock, $5 par value 198,800 155,300 Retained earnings 28,000 2,900 Total liabilities and equity $ 275,600 $ 246,800 CRUZ, INCORPORATED Income Statement For Year Ended December 31, 2021 Sales $ 422,500 Cost of goods sold 271,900 Gross profit 150,600 Operating expenses (excluding depreciation) 77,100 Depreciation expense 32,500 Income before taxes 41,000 Income taxes expense 14,900 Net income $ 26,100 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? Question 7 of 12 Total 7 of 12