Question: help me please A comparative balance sheet and income statement is shown for Cruz, Incorporated. CRUZ, INCORPORATED Income statement For Year Ended December 31, 2021

help me please
help me please A comparative balance sheet and income statement is shown
for Cruz, Incorporated. CRUZ, INCORPORATED Income statement For Year Ended December 31,
2021 Sales Cost of goods sold Gross profit Operating expenses (excluding depreciation)

A comparative balance sheet and income statement is shown for Cruz, Incorporated. CRUZ, INCORPORATED Income statement For Year Ended December 31, 2021 Sales Cost of goods sold Gross profit Operating expenses (excluding depreciation) Depreciation expense Income before taxes. Income taxes expense Net income $444,200285,900158,30081,20034,20042,90015,600$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 this question by entering your answers in the tabs below. Assume that all common stock is issued for cash. What amount of cash dividends is paid during 2021

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!