Question 5 The following account balances relate to the stockholders' equity accounts of Pharoah Company at year-end 2017-40 -40172016 Common stock, 9,460 and 8,960 shares, respectively, for 2017 and 2016 Preferred stock, 4,750 shares Retained earnings 175,520$154,720 128,250 128,250 25,930 249,190 A small stock dividend was declared and issued in 2017. The market price of the shares was $9,500. Cash dividends were $19,160 in both 2017 and 2016. The common stock has no par or stated value What was the amount of net income reported by Pharoah Company in 2017? Net income Determine the amounts of any cash inflows or outflows related to the common stock and dividend accounts in 2017. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g.(15,000)) Cash flow related to common stock account Cash flow related to dividend account Indicate where each of the cash inflows or outflows identified in (b) would be classified on the statement of cash flows. Cash flow related to common stock account Cash flow related to dividend account Click if you would like to Show Work for this question: Open Show Work