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Determining Cash Flows from Financing Activities Nichols Inc. reported the following amounts on its balance...

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Accounting

Determining Cash Flows from Financing Activities Nichols Inc. reported the following amounts on its balance sheet for equity: Jan. 1 Dec. 31 Common stock $105,000 $164,000 Retained earnings 376,750 455,490 Required: Assume that, for the current year, Nichols did not retire any stock, it reported $97,100 of net income for 2019, and any dividends declared were paid in cash. Determine the amounts Nichols would report in the financing section of the statement of cash flows. Issuance of common stock $fill in the blank 1 Payment of cash dividends $fill in the blank 2

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