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

		2022		2021
Common stock, 10,500 and 10,000 shares, issued and
outstanding, respectively, for 2022 and 2021		$163,200		$139,800
Preferred stock, 5,000 shares, issued and outstanding		132,500		132,500
Retained earnings		303,000		249,600

A small stock dividend was declared and issued in 2022. The market price of the shares issued was $11,300. Cash dividends of $17,000 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 Concord Corp. in 2022?

Net income

$enter the net income amount in dollars

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(b)

Determine the amounts of any cash inflows or outflows related to the common stock and dividend accounts in 2022.

Common stock		$enter a dollar amount		select an option OutflowInflow
Dividends		$enter a dollar amount		select an option InflowOutflow

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(c)

Indicate where each of the cash inflows or outflows identified in (b) would be classified on the statement of cash flows.

Common stock	select a type of cash flow activity OperatingFinancingInvesting
Dividends	select a type of cash flow activity OperatingInvestingFinancing