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 tumover e. Return on equity times 2. Determine the amount of dividends paid to shareholders in 2021. The amount of dividends paid