ch 12

The following account balances relate to the stockholders' equity accounts of Kingbird Corp. at year-end. A small stock dividend was declared and issued in 2025. The market price of the shares issucd was $9,520. Cash dividends of $21,330 were declared and paid in both 2025 and 2024. The common stock and preferred stock have no par or stated value. What was the amount of net income reported by Kingbird Corp. in 2025? Net income Determine the amounts of any cash inflows or outflows related to the common stock and dividend accounts in 2025. Cash flow related to common stock account Cash flow related to dividend account eTextbook and Media Indicate where each of the cash inflows or outflows identified in (b) would be classified on the statement of cash flows. Cash flow related to common stock account Cash flow related to dividend account