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Help The balance in retained earnings at December 31, 2020 was $1448000 and at December 31, 2021 was $1169000. Net income for 2021 was $992000.
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The balance in retained earnings at December 31, 2020 was $1448000 and at December 31, 2021 was $1169000. Net income for 2021 was $992000. A stock dividend was declared and distributed which increased common stock $499000 and paid-in capital $47000. A cash dividend was declared and paid. The stock dividend should be reported on the statement of cash flows (indirect method) as an outflow from financing activities of $499000. an outflow from investing activities of $546000. an outflow from financing activities of $546000. Stock dividends are not shown on a statement of cash flows. Sunland Company had net income for 2021 of $2960000. Additional information is as follows: Sunland's net cash provided by operating activities for 2021 was $4536000. $2656000. $4408000. $4280000Step by Step Solution
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