The following account balances relate to the stockholders' equity accounts of Sheffield Corp. at year-end. 2017 2016 Common stock, 11, 110 and 10,610 shares, respectively, for 2017 and 2016 $153,650 $132,850 Preferred stock, 5,050 shares 136,350 136,350 Retained earnings 322,310 272,200 A small stock dividend was declared and issued in 2017. The market price of the shares was $7,920. Cash dividends were $19,970 in both 2017 and 2016. The common stock has no par or stated value x Your answer is incorrect. Try again What was the amount of net income reported by Sheffield Corp. in 2017? Net income Determine the amounts of any cash inflows or outfiows related to the common stock and dividend accounts in 2017. (Show amounts that decrease cash flow with either a - sign e.g.-15,000 or in parenthesis e.g. (15,000).) Cash flow related to common stock account Cash flow related to dividend account LINK TO TEXT VIDEO: SIMILAR PROBLEM x your answer is incorrect. Try again. Indicate where each of the cash inflows or outflows identified in (b) would be classified on the statement of cash flows. Cash flow related to common stock account Cash flow related to dividend account