CRUZ, INCORPORATED Comparative Balance Sheets At December 31 20212020 Assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Furniture Accumulated depreciation-Furniture Total assets \begin{tabular}{rr} 2021 & \multicolumn{1}{r}{2020} \\ $64,400 & $16,200 \\ 27,800 & 34,400 \\ 58,200 & 64,600 \\ 3,600 & 2,900 \\ \hline 154,000 & 118,100 \\ 72,600 & 82,200 \\ (11,300) & (6,200) \\ \hline$215,300 & $194,100 \\ \hline \hline \end{tabular} Liabilities and Equity Accounts payable Wages payable, Income taxes payable Total current liabilities Notes payable (long-term) Total liabilities \begin{tabular}{rr} $10,100 & $14,300 \\ 6,100 & 3,400 \\ 1,000 & 1,800 \\ \hline 17,200 & 19,500 \\ 20,700 & 47,800 \\ \hline 37,900 & 67,300 \end{tabular} Equity Common stock, $5 par value Retained earnings Total liabilities and equity \begin{tabular}{rr} 154,500 & 124,000 \\ 22,900 & 2,800 \\ \hline$215,300 & $194,100 \\ \hline \end{tabular} CRUZ, INCORPORATED Income Statement For Year Ended December 31, 2021 Sales of goods sold Gross profit Operating expenses (excluding depreciation) Depreciation expense Income before taxes Income taxes expense Net income $332,400213,900118,50060,70025,60032,20011,800$20,400 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? Complete this question by entering your answers in the tabs below. Assume that all common stock is issued for cash. What amount of cash dividends is paid during 2021? 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 ir 2021? 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 balance in 2021