Exercise 14-12A (Algo) Determining cash flows from financing activities LO 14-4 On January 1, Year 1, Stuart Company had a balance of $102,500 in its Common Stock account During Year 1, Stuart paid $19,600 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 $130,500. Assume that the common stock is no par stock. Required 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. Complete this question by entering your answers in the tabs below. Determine the cash inflow from the issue of common stock. On January 1, Year 1, Stuart Company had a balance of $102,500in its Common Stock account. During Year 1, Stuart paid $19,600 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 $130,500. Assume that the common stock is no par stock. Required 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. Complete this question by entering your answers in the tabs below. Prepare the financing activities section of the Year 1 statement of cash flows. Note: Cash outflow should be indicated with a minus sign