5 points f_______\\ | 2 ozmenl K J A comparative balance sheet and income statement is shown for Cruz, Incorporated. CRUZ ,. I NCORPDRATED Comparative Balance Sheets At December 31 2021 2020 Assets Cash 3 35,900 $ 21,500 Accounts receivable, net 36,900 45,000 Inventory 72,200 36,000 Prepaid expenses 4,900 3,900 Total current assets 204,900 157,300 Furniture 90,900 110,500 Accumulated depreciationFurniture (15,300) {0,300} Total assets $ 280,500 $ 259,500 Liabilities and Equity Accounts payable 3 13,600 $ 19,100 Wages payable 0,100 4,300 Income taxes payable 1,300 2,400 Total current liabilities 23,000 25,000 Notes payable (long-term} 26,000 63,700 Total liabilities 49,300 39,500 Equity Common stock, 35 par value 202,600 165,100 Retained earnings 31,100 4,900 Total liabilities and equity $ 295.500 $ 259150\" CRUZ, INCORPORATED Income Statement For Year Ended December 31, 2021 Sales $ 444,200 Cost of goods sold 205,900 Gross profit 158,300 Operating expenses (excluding depreciation) 01,200 Depreciation expense 34,200 Income before taxes 42,900 Income taxes expense 15,600 Net income $ 27,300 1. Assume that all common stock is issued for cash. What amount of cash dividends is paid during 2021? 2. Assume that no additional notes payable are issued in 2021. What cash amount is paid to reduce the notes payable balance in 2021? Complete thls question by entering your answers In the tabs below. Required 1 Required 2 Assume that all common stock is issued for cash. What amount of cash dividends is paid during 2021? Beginning balance __ Ending balance __ Required 2 > Required 1 Required 2 Assume that no additional notes payable are issued in 2021. What cash amount is paid to reduce the notes payable balance in 2021? Notes Payable Beginning balance Ending balance