The following account balances relate to the stockholders' equity accounts of Sheffield Corp. at year-end. 2022 2021 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 303,600251,300 A small stock dividend was declared and issued in 2022. The market price of the shares issued was $10,500. Cash dividends of $15,500 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 Sheffield Corp. in 2022? Net income $ Determine the amounts of any cash inflows or outflows related to the common stock and dividend accounts in 2022. Commonstock \$ Dividends (c). Indicate where each of the cash inflows or outflows identified in (b) would be classified on the statement of cash flows. Common stock Dividends