The balance in retained earnings at December 31, 2020 was $1437000 and at December 31, 2021 was $1165000. Net income for 2021 was $1078000. A stock dividend was declared and distributed which increased common stock $497000 and paid-in capital $22000. A cash dividend was declared and paid. The stock dividend should be reported on the statement of cash flows (indirect method) as Stock dividends are not shown on a statement of cash flows. an outflow from financing