The following account balances relate to the stockholders equity accounts of Kerbs Corp, or year-end. 2020 2019 Common stock, 10,500 and 10,000 shares, respectively, for 2020 and 2019 Preferred stock, 5,000 shares Retained earnings $ 155,600 $ 136,200 113.400 113.400 302.500 251,200 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 to par or stated value. What was the amount of net income reported by Kerbs Corp. in 2020? Net income $