Exercise 12-12A (Algo) Determining cash flows from financing activities LO 12-4 On January 1, Year 1. Hardy Company had a balance of $102,500 in iss Common Stock account. During Year 1, Hardy paid $50,200 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 $144,000. Assume that the common stock is no par stock. Required a. Determine the cash infiow from the issue of common spock. b. Prepare the financing activities section of the Year 1 statement of cash flows. (Amounts to be deducted should be indicated with a minus sign.)