Determining cash payments to stockholders The board of directors dectared cash dividends totaling $1,100,000 durieg the current year. The comparative balance sheet indicates dividends sayabie af sze doe at the beginning of the year and $50,000 at the end of the year. This informobon has been collected in the Microsoft Excel Online file, Open the spreadsheet, perform the required analysis, and input your answer in the question below. Open spreadsheet What was the amount of cash payments to stockholders during the year? x The inceme statemene dieclored the following iteme for the yeart: The changes in the current assot and liability acceonts for the year are as fellowst. This intormation has beea collected in the Microsoft Excei Online file. Open the sprepdsheet, perform the required analysis, and ingsit yeur anwers in the quatus Open spreadsheet fioms, cosh estronts. decreases in cath, of any hrodine adfustinents. statersent of Cash rlows (partial) b. Why is net cashi fows from operabing activities \& flerent than net income? Cash flows fram operabing activiles is based on of accouncing. whereas net income is computed uning