The following condensed information is reported by Sporting Collectibles. 2021 2020 $13,912,000 8,987,152 406,080 $9, 200,000 6,700,000 328,000 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 $ 1,680,000 2,280,000 $ 3,960,000 $ 1,280,000 1,420,000 880,000 380,000 $ 3,960,000 $1,580,000 1,980,000 $3,560,000 $ 980,000 1,420,000 880,000 280,000 $3,560,000 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 Profit margin d Asset turnover e Return on equity % % C times % 2. Determine the amount of dividends paid to shareholders in 2021. The amount of dividends paid