i need the answer quickly Common stock, 10,500 and 10,000 shares, issued and20222021outstanding, respectively, for 2022 and 2021Preferred stock, 5,000 shares, issued and outstandingRetained earnings$156,900$144,500128,800128,800302,200250,900A small stock dividend was declared and issued in 2022. The market price of the shares issued was $11,100. Cash dividends of$15,900 were declared and paid in both 2022 and 2021. The common stock and preferred stock have no par or stated value.(a)What was the amount of net income reported by Coronado Corp. in 2022?Net income$eTextbook and MediaSave for LaterAttempts: 0 of 3 usedSubmit Answer(b)Determine the amounts of any cash inflows or outflows related to the common stock and dividend accounts in 2022.Common stock$Dividends$eTextbook and MediaSave for LaterAttempts: 0 of 3 usedSubmit Answer(c)Indicate where each of the cash inflows or outflows identified in (b) would be classified on the statement of cash flows.Common stockDividendseTextbook and MediaSave for LaterAttempts: 0 of 3 usedSubmit Answer

It is the income earned by an entity after incurring all the expenses. It is the net revenue left…

Common stock, 10,500 and 10,000 shares, issued and 2022 2021 outstanding, respectively, for 2022 and 2021 $156,900 $144,500 Preferred stock, 5,000 shares, issued and outstanding Retained earnings 128,800 128,800 302,200 250,900 A small stock dividend was declared and issued in 2022. The market price of the shares issued was $11,100. Cash dividends of $15,900 were declared and paid in both 2022 and 2021. The common stock and preferred stock have no par or stated value.

Common stock, 10,500 and 10,000 shares, issued and 2022 2021 outstanding, respectively, for 2022 and 2021 $156,900 $144,500 Preferred stock, 5,000 shares, issued and outstanding Retained earnings 128,800 128,800 302,200 250,900 A small stock dividend was declared and issued in 2022. The market price of the shares issued was $11,100. Cash dividends of $15,900 were declared and paid in both 2022 and 2021. The common stock and preferred stock have no par or stated value.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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