Required information [The following information applies to the questions displayed below.] At the end of the first year of operations (December 31, 2021), the following financial data for APEC Aerospace Corporation are available: Accounts Payable Accounts Receivable Cash $ 33,630 10,000 14,400 Common Stock 10,500 Dividends 1,600 Equipment 84,000 Notes Payable 51,970 Operating Expenses 65,000 Other Expenses 9,100 Sales Revenue 97,500 Supplies 9,500 4-a. Did the company's dividends exceed its net income? Yes No 4-b. Which financial statement provides the information regarding the company's dividends? Income Statement Statement of Retained Earnings Balance Sheet Statement of Cash Flows