A comparative balance sheet and income statement is shown for Cruz, Incorporated.

CRUZ, INCORPORATED

Comparative Balance Sheets

At December $3120212020$

Assets

Cash $ $66,100$ $ $16,600$

Accounts receivable, net $28,50035,200$

Inventory $59,70066,100$

Prepaid expenses $3,7003,000$

Total current assets $158,000120,900$

Furniture $74,60085,000$

Accumulated depreciation$$Furniture $(11,600)(6,400)$

Total assets $ $221,000$ $ $199,500$

Liabilities and Equity

Accounts payable $ $10,400$ $ $14,700$

Wages payable $6,3003,500$

Income taxes payable $1,0001,900$

Total current liabilities $17,70020,100$

Notes payable $($long$-$term$)20,70050,500$

Total liabilities $38,40070,600$

Equity

Common stock, $$5$ par value $159,500125,000$

Retained earnings $23,1003,900$

Total liabilities and equity $ $221,000$ $ $199,500$

CRUZ, INCORPORATED

Income Statement

For Year Ended December $31,2021$

Sales $ $341,600$

Cost of goods sold $219,800$

Gross profit $121,800$

Operating expenses $($excluding depreciation$)62,400$

Depreciation expense $26,300$

Income before taxes $33,100$

Income taxes expense $12,100$

Net income $ $21,000$

Assume that all common stock is issued for cash. What amount of cash dividends is paid during $2021?$

Assume that no additional notes payable are issued in $2021.$ What cash amount is paid to reduce the notes payable balance in $2021?$