Question: need answer solved. the red is incorrect The following account balances relate to the stockholders' equity accounts of Kerbs Corp, at year-end. A small stock

need answer solved. the red is incorrect
need answer solved. the red is incorrect The following account balances relate
to the stockholders' equity accounts of Kerbs Corp, at year-end. A small

The following account balances relate to the stockholders' equity accounts of Kerbs Corp, at year-end. A small stock dividend was declared and issued in 2020. The result of the stock dividend was to decrease retained earnings by $10,500 and increase common stock by $10,500. Cash dividends were $15.200 in both 2020 and 2019 . The common stock has no par or stated value. What was the amount of net income reported by Kerbs Corp. in 2020

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