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The following account balances relate to the stockholders' equity accounts of Bonita Corp. at year-end. 2022 2021 Common stock, 10,500 and 10,000 shares, issued and
The following account balances relate to the stockholders' equity accounts of Bonita Corp. at year-end. 2022 2021 Common stock, 10,500 and 10,000 shares, issued and outstanding, respectively, for 2022 and 2021 $161,800 $132,900 Preferred stock, 5,000 shares, issued and outstanding 147,000 147,000 Retained earnings 301,800 253,200 A small stock dividend was declared and issued in 2022. The market price of the shares issued was $10,500. Cash dividends of $16,300 were declared and paid in both 2022 and 2021. The common stock and preferred stock have no par or stated value. (a) What was the amount of net income reported by Bonita Corp. in 2022? Net income $ (b) Determine the amounts of any cash inflows or outflows related to the common stock and dividend accounts in 2022. Common stock $ Dividends $ eTextbook and Media Save for Later Attempts: 0 of 5 used Submit Answer (c) Indicate where each of the cash inflows or outflows identified in (b) would be classified on the statement of cash flows. Common stock Dividends eTextbook and Media Save for Later Attempts: 0 of 5 used Submit
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