A comparative balance sheet and income statement is shown for Cruz, Incorporated. CRUZ, INCORPORATED Comparative Balance Sheets At December 31 Assets Cash Accounts receivable, net Prepaid expenses Inventory Total current assets Furniture Accumulated depreciation-Furniture Total assets Liabilities and Equity Accounts payable Wages payable 2021 2020 $ 75,900 32,600 $ 18,900 40,100 68,300 75,300 4,200 3,500 137,800 $ 252,500 181,000 84,600 (13,100) 99,200 (7,500) $ 229,500 $ 11,900 16,900 7,100 4,000 Income taxes payable 1,200 2,200 Total current liabilities Notes payable (long-term) Total liabilities Equity Common stock, $5 par value Retained earnings 20,200 23,100 24,800 58,400 45,000 81,500 177,300 141,500 30,200 6,500 Total liabilities and equity $ 252,500 $ 229,500 CRUZ, INCORPORATED Income Statement For Year Ended December 31, 2021 $ 392,900 Sales Cost of goods sold Gross profit Operating expenses (excluding depreciation) Depreciation expense Income before taxes Income taxes expense Net income 252,900 140,000 71,600 30,200 38,200 13,900 $ 24,300 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 pavable are issued in 2021. What cash amount is paid to reduce the notes pavable balance in