The following account balances relate to the stockholders' equity accounts of Sunland Corp. at year-end. Common stock, 10,500 and 10,000 shares, issued and outstanding, respectively, for 2022 and 2021 Preferred stock, 5,000 shares, issued and outstanding Retained earnings (a) 2022 $155,600 Net income $ 113,400 302,500 What was the amount of net income reported by Sunland Corp. in 2022? 2021 $136,200 A small stock dividend was declared and issued in 2022. The market price of the shares issued was $10,500. Cash dividends of $15,200 were declared and paid in both 2022 and 2021. The common stock and preferred stock have no par or stated value. 113,400 251,200

The following account balances relate to the stockholders' equity accounts of Sunland Corp. at year end. A small stock dividend was declared and issued in 2022. The market price of the shares issued was $10,500. Cash dividends of $15,200 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 Sunland Corp. in 2022? What was the amount of net income reported by Sunland Corp in 2022? Net income eTextbook and Media Attempts: 0 of 5 used (b) Determine the amounts of any cash inflows or outflows related to the common stock and dividend accounts in 2022 . Common stock Dividends