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The following account balances relate to the stockholders' equity accounts of Molder Corp. at year-end. A small stock dividend was declared and issued in 2022.
The following account balances relate to the stockholders' equity accounts of Molder Corp. at year-end. A small stock dividend was declared and issued in 2022. The market price of the shares issued was $8,800. Cash dividends of $20,000 were declared and paid in both 2022 and 2021 . The common stock and preferred stock have no par or stated value. (a) Your answer is incorrect. What was the amount of net income reported by Molder Corp. in 2022
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