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Classify the following cash flows as either operating, investing, or financing activitles, assuming the indirect method CRUZ, INCORPORATED Comparative Balance Sheets At December 31 2021 2020 Assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Furniture Accumulated depreciation-Furniture Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable Total current liabilities Notes payable (long-term) Total liabilities \begin{tabular}{rr} $75,900 & $18,900 \\ 32,600 & 40,100 \\ 68,300 & 75,300 \\ 4,200 & 3,500 \\ \hline 181,000 & 137,800 \\ 84,600 & 99,200 \\ (13,100) & (7,500) \\ \hline$252,500 & $229,500 \\ \hline \hline & \\ \hline 11,900 & $16,900 \\ 7,100 & 4,000 \\ 1,200 & 2,200 \\ \hline 20,200 & 23,100 \\ 24,800 & 58,400 \\ \hline 43,000 & 81,500 \end{tabular} Equity Common stock, $5 par value Retained earnings Total liabilities and equity \begin{tabular}{rr} 177,300 & 141,500 \\ 30,200 & 6,500 \\ \hline$252,500 & $229,500 \\ \hline \hline \end{tabular} CRUZ, INCORPORATED 1. Assume that ail common stock is issued for cash What amount of cash dividends is paid during 2021? 2. Assume that no additional notes payable ore 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 ? Assume that no additional notes payable are issued in 2021. What cash amount is paid to reduce the notes payable balance in 2021

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