1 points SA Question The following information was drawn from the year end balance sheets of COM Year 2 Year 1 Donds payable 202.0 274 $ 00 000 Common stock 1170 900 09 00 Trewry stock 22.00 150 0 Retained earnings 38.00 30.0 o The amount of net income shown on the Year 2 income statemene w $20,000. There was no begining or ending holance in the Dividence Payable account. What is the amount of cash outflows for dividends? 512.000 $23.500 322.000 16000 Question 39 The following information was prepared for Corporation A: $ 660,000 35,000 92,500 26,000 18,000 Net income Gain on sale of equipment Dividends paid Decrease in prepaid expenses Increase in accounts receivable Net cash flow from operating activities equals: $677,000 $633,000 $550,500 $678,000