The 2017 balance sheet of Kerbers Tennis Shop, Inc., showed $650,000 in the common stock...
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Accounting
The 2017 balance sheet of Kerbers Tennis Shop, Inc., showed $650,000 in the common stock account and $3.98 million in the additional paid-in surplus account. The 2018 balance sheet showed $805,000 and $4.2 million in the same two accounts, respectively. If the company paid out $545,000 in cash dividends during 2018, what was the cash flow to stockholders for the year? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)
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