The following condensed information is reported by Sporting Collectibles. 2021 2020 $7,224,000 4,782,288 316,480 $7,600,000 5,100,000 168,000 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 $1,520,000 2,120,000 $3,640,000 $1,120,000 1,580,000 720,000 220,000 $3,640,000 $1,420,000 1,820,000 $3,240,000 $ 820,000 1,580,000 720,000 120,000 $3,240,000 Required: 1. Calculate the following profitability ratios for 2021: (Round your answers to 1 decimal place.) a. % Profitability Ratios Gross profit ratio Return on assets Profit margin b. % C. % d. Asset turnover times e. Return on equity % 2. Determine the amount of dividends paid to shareholders in 2021. The amount of dividends paid