Problem 17-02A The following account balances relate to the stockholders' equity accounts of Karbs Corp, at year-end 20202019 Common stock, 10,500 and 10,000 shares respectively, for 2020 and 2019 Preferred stock, 5,000 shares Retained earnings 159,000 $135,100 19,600 119,600 99,500 253,100 A small stock dividend was deciared and issued in 2020. The resuit of the stock dividend was to decrease retained earnings by $10,700 and increase common stock by $10,700. Cash dividends were $15,000 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 Determine the amounts of any cash inflows ar outhows related to the common stock and dividend accounts in 2020 Common stock Dividends