Sharp Company was started in 2009 when it acquired $25,000 cash by issuing common stock to Katie

Question:

Sharp Company was started in 2009 when it acquired $25,000 cash by issuing to Katie Sharp.
Required
a. Was this event an asset source, use, or exchange transaction for Sharp Company?
b. Was this event an asset source, use, or exchange transaction for Katie Sharp?
c. Was the cash flow an operating, investing, or financing activity on Sharp Company’s 2009 statement of cash flows?
d. Was the cash flow an operating, investing, or financing activity on Katie Sharp’s 2009 statement of cash flows?

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...