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The following account balances relate to the stockholders' equity accounts of Waterway Corp at year-end A small stock dividend was declared and issued in 2022

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The following account balances relate to the stockholders' equity accounts of Waterway Corp at year-end A small stock dividend was declared and issued in 2022 . The market price of the shares issued was $11,400, Cash dividends of $16,300 were declared and paid in both 2022 and 2021. The common stock and prefecred stock have no par or stated value. (a) What was the amount of net income reported by Waterway Corp in 2022 ? Net income eTextbook and Media Attempts: 0 of 3 used b) Determine the amounts of any cash inflows or outflows related to the common stock and dividend accounts in 2022. Indicate where each of the cash inflows or outflows identified in (b) would be classified on the statement of cash flows: Common stock Dividends

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