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

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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