The following account balances relate to the stockholders’ equity accounts of Molder Corp. at year-end. LO11 2017 2016 Common stock, 10,500 and 10,000 shares, respectively, for 2017 and 2016 $160,800 $140,000 Preferred stock, 5,000 shares 125,000 125,000 Retained earnings 300,000 270,000 A small stock dividend was declared and issued in 2017. The market price of the shares was $8,800. Cash dividends were $20,000 in both 2017 and 2016. The common stock has no par or stated value.

Instructions

(a) What was the amount of net income reported by Molder Corp. in 2017?

(b) Determine the amounts of any cash infl ows or outfl ows related to the common stock and dividend accounts in 2017.

(c) Indicate where each of the cash infl ows or outfl ows identifi ed in

(b) would be classifi ed on the statement of cash fl ows.