Flint Corporation decided to issue common stock and used the $317,000 proceeds to redeem all of its outstanding bonds on January 1.2022. The following information is available for the company for 2022 and 2021. Net income Dividends declared for preferred stockholders Average common stockholders' equity Total assets Current liabilities Total liabilities 2022 2021 $183,000 $151,500 7,900 7,900 1,161.000 864,000 1,376,000 1,449,000 225,000 225,000 215,000 585,000