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Problem 12-2A The following account balances relate to the stockholders' equity accounts of Tamarisk, Inc. at year-end 2017 2016 Common stock, 10,560 and 10,060 shares, respectively, for 2017 and 2016 Preferred stock, 5,310 shares Retained earnings 145,790 $124,990 132,750 132,750 324,710 244,860 A small stock dividend was declared and issued in 2017. The market price of the shares was $9,200. Cash dividends were $19,520 in both 2017 and 2016. The common stock has no par or stated value. What was the amount of net income reported by Tamarisk, Inc. in 2017? Net income Determine the amounts o any cash n ows or outflows related to the common stock and dividend accounts in 20. Show amounts that decrease cash row wit , e theras gne g. 1 000 orin a enties s e 1 00 Cash flow related to common stock account Cash flow related to dividend account VIDEO: SIMILAR PROBLEM 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 Click if you would like to Show Work for this question: OpenShow Work