Problem 17-2A The following account balances relate to the stockholders' equity accounts of Kerbs Corp. at year-end. 01.7 2016 Common stock, 10,500 and 10,000 shares, respectively, for 2017 and 2016 Preferred stock, 5,000 shares Retained earnings $155,300 $145,000 159,000 159,000 305,000 249,100 A small stock dividend was declared and issued in 2017. The market value of the shares was $11,300. Cash dividends were $17,000 in both 2017 and 2016. The common stock has no par or stated value. What was the amount of net income reported by Kerbs Corp. in 2017? Net income c LINK TO TEXT n 2017. Common stock Dividends