The following condensed information is reported by Sporting Collectibles. 2021 2020 $13,020,000 8,436,960 394,320 $9,000,000 6,500,000 308,000 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 $ 1,660,000 2,260,000 $ 3,920,000 $ 1,260,000 1,440,000 860,000 360,000 $ 3,920,000 $1,560,000 1,960,000 $3,520,000 $ 960,000 1,440,000 860,000 260,000 $3,520,000 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