Problem 17-02A (Part Level Submission) 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 $156,900 $144,500 Preferred stock, 5,000 shares 128,800 128,800 Retained earnings 302,200 250,900 A small stock dividend was declared and issued in 2020. The result of the stock dividend was to decrease retained earnings by $11,100 and increase common stock by $11,100. Cash dividends were $15,900 in both 2020 and 2019. The common stock has no par or stated value. Collapse question part (a) Correct answer. Your answer is correct. What was the amount of net income reported by Kerbs Corp. in 2020? Net income $Entry field with correct answer Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION LINK TO TEXT By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. Attempts: 1 of 5 used Collapse question part (b) Determine the amounts of any cash inflows or outflows related to the common stock and dividend accounts in 2020. Common stock $ Dividends $