Nichols Inc. reported the following amounts on its balance sheet at the end of 2019 and 2018 for equity:
________________________ 12/31/2019 __________ 12/31/2018
Common stock .................. $210,000 ................... $135,000
Retained earnings ............... 495,300 ...................... 412,800
Required:
Assume that Nichols did not retire any stock during 2019, it reported $105,610 of net income for 2019, and any dividends declared were paid in cash. Determine the amounts Nichols would report in the financing section of the statement of cash flows?