EX 14-12 Reporting stockholders' equity items on statement of cash flows On the basis of the following stockholders' equity accounts, indicate t of oBJ. 2 he items, exclusive net income, to be reported on the statement of cash flows. There were no unpaid dividends at either the beginning or the end of the year ACCOUNT Common Stock, $40 par ACCOUNT NO. Balance Date Item Debit Credit DebitCredit 2016 Jan. 1 Balance, 120,000 shares Apr. 2 30,000 shares issued for cash June 30 4,400-share stock dividend 1,200,000 176,000 4,800,000 6,000,000 6,176,000 ACCOUNT Paid-In Capital in Ecess of Par-Common Stock ACCOUNT NO. Balance Date Item DebitCredit Debit Credit 2016 Jan. Apr. 2 30,000 shares issued for cash June 30 Stock dividend 1 Balance 720,000 114,400 360,000 1,080,000 1,194,400 ACCOUNT Retained Earnings ACCOUNT NO Balance Date Item Debit Credit Debit Credit 2016 Jan June 30 Stock dividend Dec. 30 Cash dividend 2,000,000 1,709,600 1,246,400 2,686,400 Balance 290,400 A63.200 1,440.000 31 Net income 1,440,000