Question 20 of 40 -/2.5 l View Policies Current Attempt in Progress The balance in retained earnings at December 31, 2020 was $1431000 and at December 31, 2021 was $1164000. Net income for 2021 was $1016000. A stock dividend was declared and distributed which increased common stock $507000 and paid-in capital $63000. A cash dividend was declared and paid. The stock dividend should be reported on the statement of cash flows (indirect method) as O an outflow from financing activities of $570000 O an outflow from investing activities of $570000 O an outflow from financing activities of $507000 Stock dividends are not shown on a statement of cash flows. Save for Later Attempts: 0 of 1 used Submit