Problem 17-02A 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 Preferred stock, 5,000 shares Retained earnings $158,000 $135,500 123,000 123,000 298,000 250,200 A small stock dividend was declared and issued in 2020. The result of the stock dividend was to decrease retained earnings by $11,300 and increase common stock by $11,300. Cash dividends were $16,600 in both 2020 and 2019. The common stock has no par or stated value. Your answer is incorrect. Try again. What was the amount of net income reported by Kerbs Corp. in 2020? Net income LINK TO TEXT 24900 Your answer is partially correct. Try again. Determine the amounts of any cash inflows or outflows related to the common stock and dividend accounts in 2020. Common stock Dividends LINK TO TEXT 5700 Inflow 16900 Outflow