Cash Flows

A small stock dividend was declared and issued in $2022.$ The market price of the shares was $$8,800.$ Cash

dividends of $$20,000$ were declared and paid in both $2022$ and $2021.$ The common stock and preferred

stock have no par or stated value.

nstructions

a$.$ What was the amognt of net income reported by Molder Corp. in $2022?$

b$.$ Determine the amounts of any cash inflows or outflows related to the common stock and dividend

accounts in $2022.$

c$.$ Indicate where each of the cash inflows or outflows identified in $($b$)$ would be classified on the state$-$

ment of cash flows.