\begin{tabular}{lrr} \multicolumn{3}{c}{ CRUZ, INCORPORATED } \\ Comparative Balance & \multicolumn{1}{c}{ Sheets } \\ \cline { 2 - 3 } At December 31 & 2021 & 2020 \\ Assets & & \\ Cash & 63,600 & $15,900 \\ Accounts receivable, net & 27,400 & 33,700 \\ Inventory & 57,400 & 63,300 \\ Prepaid expenses & 3,500 & 2,900 \\ Total current assets & 151,900 & 115,800 \\ Furniture & 70,500 & 82,200 \\ Accumulated depreciation-Furniture & (10,900) & (6,200) \\ Total assets & $211,500 & $191,800 \\ Liabilities and Equity & & \\ Accounts payable & 10,000 & $14,100 \\ Wages payable & 6,000 & 3,300 \\ Income taxes payable & 1,000 & 1,800 \\ Total current liabilities & 17,000 & 19,200 \\ Notes payable (long-term) & 20,700 & 47,800 \\ Total liabilities & 37,700 & 67,000 \\ Equity & & \\ Common stock, $5 par value & 153,600 & 124,000 \\ Retained earnings & 20,200 & 800 \\ Total liabilities and equity & $211,500 & $191,800 \\ \hline \hline \end{tabular} 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? 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