The following account balances relate to the stockholders' equity accounts of Kerbs Corp. at year-end. A small stock dividend was declared and issued in 2020 . The result of the stock dividend was to decrease retained earnings by $10,500 and increase common stock by $10,500. Cash dividends were $15,200 in both 2020 and 2019 . The common stock has no par or stated value. What was the amount of net income reported by Kerbs Corp, in 2020 ? Net income