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The following account balances relate to the stockholders' equity accounts of Coronado Corp.at year-end. 2022 2021 Common stock, 10,500 and 10,000 shares, issued and outstanding,
The following account balances relate to the stockholders' equity accounts of Coronado Corp.at year-end. 2022 2021 Common stock, 10,500 and 10,000 shares, issued and outstanding, respectively, for 2022 and 2021 $158,000 $135,500 Preferred stock, 5,000 shares, issued and outstanding 123,000 123,000 Retained earnings 298,000 250,200 A small stock dividend was declared and issued in 2022. The market price of the shares issued was $11,300. Cash dividends of $16,600 were declared and paid in both 2022 and 2021. The common stock and preferred stock have no par or stated value. (a) X Your answer is incorrect. What was the amount of net income reported by Coronado Corp. in 2022? Net income $ 11300 e Textbook and Media Save for Later Attempts: 1 of 5 used Submit Answer (b) Determine the amounts of any cash inflows or outflows related to the common stock and dividend accounts in 2022. Common stock $ 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 e Textbook and Media Save for Later Attempts: 0 of 5 used Submit
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