Additional information: a. Net income for the year ending December 31, 2023 was $25,000. b. Long-term investments that had a cost of $12,000 were sold for $10,000 with a lo\$s of $2,000. c. New equipment was purchased for $32,000 cash. d. Cash dividends were declared on December 2, 2023 and paid on December 20, 2023 to shareholders of record on December 15, 2023. There were no other dividends in 2023. 1. Caleulate the depreciation expense for 2023. (I points) 2. Calculate cash dividends paid in 2023. ( 2 points)