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*Problem 13-2A The following account balances relate to the stockholders' equity accounts of Kerbs Corp. at year-end. 2020 2019 Common stock, 10,500 and 10,000 shares, respectively, for 2020 and 2019 $157,600 $143,500 Preferred stock, 5,000 shares 92,400 92,400 Retained earnings 295,700 247,300 A small stock dividend was declared and issued in 2020. The result of the stock dividend was to decrease retained earnings by $11,000 and increase common stock by $11,000. Cash dividends were $16,700 in both 2020 and 2019. The common stock has no par or stated value. What was the amount of net income reported by Kerbs Corp. in 2020? Net income $ Determine the amounts of any cash inflows or outflows related to the common stock and dividend accounts in 2020. Common stock $ V Dividends $ v Indicate where each of the cash inflows or outflows identified in (b) would be classified on the statement of cash flows. Common stock V Dividends Question Attempts: 0 of 15 used