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The 2017 balance sheet of Kerber’s Tennis Shop, Inc., showed $860,000 in the common stock account...

The 2017 balance sheet of Kerber’s Tennis Shop, Inc., showed $860,000 in the common stock account and $6.85 million in the additional paid-in surplus account. The 2018 balance sheet showed $815,000 and $8.65 million in the same two accounts, respectively. If the company paid out $620,000 in cash dividends during 2018, what was the cash flow to stockholders for the year?

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Cash Flow to Stockholders Cash flow to Stockholders Dividends Paid-Net Equity - Dividends paid -[(Common Stock at the year-end+ additional paid-irn surplus at the year-end) - (Common Stock at the beginning + additional paid-in surplus at the year-beginning) $620,000-[($815,000+$86,50,000) ($860,000+ $68,50,000)] S620,000 [$94,65,000 $77,10,000] - $620,000 $17,55,000 --$11,35,000 (Negative) Hence, The Cash Flow to Stockholders would be -$11,35,000 (Negative)

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