The following condensed information is reported by Sporting Collectibles. Income Statement Information Sales revenue Cost of goods sold 2021 2020 $13,912,000 8,987,152 $9,200,000 6,700,000 406,080 328,000 Net income Balance Sheet Information Current assets Long-term assets Total assets Current liabilities Long-term liabilities Common stock Retained earnings $ 1,680,000 2,280,000 $1,580,000 1,980,000 $ 3,960,000 $ 1,280,000 1,420,000 $3,560,000 $ 980,000 1,420,000 880,000 380,000 880,000 Total liabilities and stockholders' equity $ 3,960,000 280,000 $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 C Profit margin d. Asset turnover e Return on equity 35.4 % 10.8 % 2.9 % 3.7 times % 2. Determine the amount of dividends paid to shareholders in 2021. The amount of dividends paid