Problem 12-02A The following account balances relate to the stockholders' equity accounts of Waterway Industries...
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Problem 12-02A The following account balances relate to the stockholders' equity accounts of Waterway Industries at year-end. 2022 2021 Common stock, 9,500 and 9,000 shares, respectively, for 2022 and 2021 Preferred stock, 4,680 shares Retained earnings $150,450 126,360 273,450 $129,650 126,360 284,100 A small stock dividend was declared and issued in 2022. The market price of the shares was $8,710. Cash dividends were $21,430 in both 2022 and 2021. The common stock has no par or stated value. What was the amount of net income reported by Waterway Industries in 2022? Net income LINK TO TEXT LINK TO VIDEO Determine the amounts of any cash inflows or outflows related to the common stock and dividend accounts in 2022. (Show amounts that decrease cash flow with either a-sign e.g. -15,000 or in parer Cash flow related to common stock account Cash flow related to dividend account LINK TO TEXT LINK TO VIDEO Indicate where each of the cash inflows or outflows identified in (b) would be classified on the statement of cash flows. Cash flow related to common stock account Cash flow related to dividend account
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