The following account balances relate to the stockholders equity accounts of Kerbs Corp. at year-end.

		2017		2016
Common stock, 10,500 and 10,000 shares,
respectively, for 2017 and 2016		$163,200		$139,800
Preferred stock, 5,000 shares		132,500		132,500
Retained earnings		303,000		249,600

A small stock dividend was declared and issued in 2017. The market value of the shares was $11,300. Cash dividends were $17,000 in both 2017 and 2016. The common stock has no par or stated value.

What was the amount of net income reported by Kerbs Corp. in 2017?

Net income

$ 81,700

Determine the amounts of any cash inflows or outflows related to the common stock and dividend accounts in 2017.

Common stock		$
Dividends		$