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Problem 2-9 Cash Flow to Stockholders [LO4] The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed $590,000 in the common stock account and $4.8
Problem 2-9 Cash Flow to Stockholders [LO4] The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed $590,000 in the common stock account and $4.8 million in the additional paid-in surplus account. The 2018 balance sheet showed $630,000 and $5.3 million in the same two accounts, respectively. If the company paid out $600,000 in cash dividends during 2018, what was the cash flow to stockholders for the year? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) Cash flow to stockholders
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