Answer:
a)  The amount of net income reported by Kerbs Corp. in 2020 is $299,800
b) Dividend = $17,000 ( Cash outflow from financial activities)
Common stock = $8,000 ( Cash inflow from financial activities)
Explanation:
                                                     2020                      2019
Common stock,                         10,500 shares     10,000 shares 
                                                    $157,100                   $137,800
Preferred stock, 5,000 shares  $92,400                    $92,400
Retained earnings                      $299,800               $248,500
a) Total amount of net income reported by Kerbs Corp. in 2020 
= Retained earnings by the beginning of the year + Net income - cash dividend - stock dividend
Calculation of net income = Closing retained earnings + dividends - openind retained earnings
= $299,800 + ($11,300 + $17000) - $248,500
= $79,600
= $248,500 + $79,600 - $11,300 - $17,000
= $299,800
b) Determine the amounts of any cash inflows or outflows related to the common stock and dividend accounts in 2020
Inflow to common stocks = opening common stock - closing common stock - stock dividend 
= $157,100 - $137,800 - $11,300
= $8,000
Dividend = $17,000 ( Cash outflow due to dividend)