$*$El$2\mathrm{.}15($LO $5),$ AP Comparative balance sheets for International Company are as follows.

International Company

Comparative Balance Sheets

December$31$

$2022$

Assets

Cash

Accounts receivable

Inventory

Land

Equipment

Accumulated depreciation$-$equipment

Total

$ $73,000$

$85,000$

$180,000$

$75,000$

$250,000$

$(66,000)$

$$597,000$

$2021$

$ $22,000$

$76,000$

$189,000$

$100,000$

$200,000$

$(42,000)$

$$545,000.$ A small stock dividend was declared and issued in $2022.$ The market price of the shares was $$8,800.$ Cash

dividends of $$20,000$ were declared and paid in both $2022$ and $2021.$ The common stock and preferred

stock have no par or stated value.

Instructions

a$.$ Net income

$$58,800$

a$.$ What was the amount of net income reported by Molder Corp. in $2022?$

b$.$ Determine the amounts of any cash inflows or outflows related to the common stock and dividend

accounts in $2022.$

c$.$ Indicate where each of the cash inflows or outflows identified in $($b$)$ would be classified on the state

ment of cash flows.