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Problem 13-2A (Part Level Submission) The following account balances relate to the stockholders' equity accounts of Kerbs Corp. at year-end. Common stock, 10,500 and 10,000

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Problem 13-2A (Part Level Submission) The following account balances relate to the stockholders' equity accounts of Kerbs Corp. at year-end. Common stock, 10,500 and 10,000 shares, respectively, for 2015 and 2014 $163,490 $131,250 Preferred stock, 5,000 shares 118,450 118,450 Retained earnings 300,920 257, 320 A small stock dividend was declared and issued in 2015. The market value of the shares was $10.50 Cash dividends were $15,000 in both 2015 and 2014. The common stock has no par or stated valve (a) What was the amount of income reported by Kerbs Corp. i 2015 Net income LINK TO TEXT Attempt

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