Question: the answer is $119.88 please show step bu step on how that solution was found At the end of January 2022 Peggy Grey's Cookies has

the answer is $119.88

please show step bu step on how that solution was found

At the end of January 2022 Peggy Grey's Cookies has net income of $410. On February 1st, the firm pays out 37 percent of the net income to its shareholders as dividends. A day later the company sold $86 worth of new common stock. What is the net cash flow to the stockholders of February 1st

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