eBook Calculator Print Item Exercise 11-44 (Algorithmic) Determining Cash Flows from Financing Activities Nichols Inc. reported the following amounts on its balance sheet at the end of 2019 and 2018 for equity: 12/31/2019 12/31/2018 Common stock $165,000 $105,000 Retained earnings 455,490 376,750 Required: Assume that Nichols did not retire any stock during 2019, it reported $87,700 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 Payment of cash dividends Activate Windows Go to Settings to actioNext > Check My Work A G -GO 1 0:37 PM D 510/2012