Problem 13-2A (Part Level Submission) The following account balances relate to the stockholders' equity accounts of Kerbs Corp. at year-end. 2015 2014 Common stock, 10,500 and 10,000 shares, respectively, for 2015 and 2014 $161,180 $131,460 Preferred stock, 5,000 shares 105,840 105,840 Retained earnings 298,270 260,830 A small stock dividend was declared and issued in 2015. The market value of the shares was $11,010. Cash dividends were $15,040 in both 2015 and 2014. The common stock has no par or stated value. (a) What was the amount of net income reported by Kerbs Corp. in 2015? Study Net income LINK TO TEXT SUBMIT ANSWER Attempts: 0 of 3 used SAVE FOR LATER