The following condensed information is reported by Sporting Collectibles. 2021 2020 $12, 144,000 7,893, 600 382,720 $8,800,000 6,300,000 288,000 Income Statement Information Sales revenue Cost of goods sold Net income Balance Sheet Information Current assets Long-term assets Total assets Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and stockholders' equity $ 1,640,000 2,240,000 $ 3,880,000 $ 1,240,000 1,460,000 840,000 340,000 $ 3,880,000 $1,540,000 1,940,000 $3,480,000 $ 940,000 1,460,000 840,000 240,000 $3,480,000 Required: 1. Calculate the following profitability ratios for 2021: (Round your answers to 1 decimal place.) % % Profitability Ratios a. Gross profit ratio b. Return on assets c. Profit margin d. Asset turnover e. Return on equity % times % 2. Determine the amount of dividends paid to shareholders in 2021. The amount of dividends paid