3 Exercise 14-12A (Algo) Determining cash flows from financing activities LO 14-4 3.75 points On January 1, Year 1, Walton Company had a balance of $100,500 in its Common Stock account. During Year 1, Walton paid $38,600 to purchase treasury stock. Treasury stock is accounted for using the cost method. The balance in the Common Stock account on December 31, Year 1, was $148,000. Assume that the common stock is no par stock. Required eBook a. Determine the cash inflow from the issue of common stock. b. Prepare the financing activities section of the Year 1 statement of cash flows. Hint Complete this question by entering your answers in the tabs below. Print Required A Required B References Determine the cash inflow from the issue of common stock. Common stock issued 3 Exercise 14-12A (Algo) Determining cash flows from financing activities LO 14-4 3.75 points On January 1, Year 1, Walton Company had a balance of $100,500 in its Common Stock account. During Year 1, Walton paid $38,600 to purchase treasury stock. Treasury stock is accounted for using the cost method. The balance in the Common Stock account on December 31, Year 1, was $148,000. Assume that the common stock is no par stock. Required eBook a. Determine the cash inflow from the issue of common stock. b. Prepare the financing activities section of the Year 1 statement of cash flows. 100 Hint Complete this question by entering your answers in the tabs below. Print Required A Required B References Prepare the financing activities section of the Year 1 statement of cash flows. (Cash outflow should be indicated with a minus sign) Cash flows from financing activities: Net cash flow from financing activities