Determining Cash Flows from Financing Activities

Nichols Inc. reported the following amounts on its balance sheet for equity:

	Jan. 1		Dec. 31
Common stock	$105,000		$163,000
Retained earnings	376,750		455,490

Required:

Assume that, for the current year, Nichols did not retire any stock, it reported $101,300 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.

Issuance of common stock	$fill in the blank 1
Payment of cash dividends	$fill in the blank 2