The following condensed information is reported by Sporting Collectibles. 2021 2020 Income Statement Information Sales revenue $ 6,840,000 $ 7,500,000 Cost of goods sold 4,534,920 5,000,000 Net income 311,220 158,000 Balance Sheet Information Current assets $ 1,510,000 $ 1,410,000 Long-term assets 2,110,000 1,810,000 Total assets $ 3,620,000 $ 3,220,000

1. Calculate the following profitability ratios for 2021

2. Determine the amount of dividends paid to shareholders in 2021.