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 $162.600 $138,200 Preferred stock, 5,000 shares 147.900 147,900 Retained earnings 301,300 253,300 A small stock dividend was declared and issued in 2020. The result of the stock dividend was to decrease retained earnings by $11,500 and increase common stock by $11,500. Cash dividends were $16,900 in both 2020 and 2019. The common stock has no par or stated value. What was the amount of net income reported by Kerbs Corp. in 2020? Net income $ LINK TO TEXT 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 Indicate where each of the cash inflows or outflows identified in (b) would be classified on the statement of cash flows. Common stock V Dividends Click if you would like to Show Work for this question: Open Show Work