Exercise 1212 A (Algo) Determining cash flows from financing activities LO 124 On January 1, Year 1, Hardy Company had a balance of $115,000 in its Common Stock account. During Year 1, Hardy paid $36,500 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 $145,000. 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. Exercise 12-12A (Algo) Determining cash flows from financing activities LO 124 On January 1, Year 1, Hardy Company had a bolance of $115,000 in its Common Stock account. During Year 1, Hardy paid $36,500 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 $145,000. 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 cosh flows. Complete this question by entering your answers in the tabs below. Prepare the financing activites section of the Year 1 statement of cash flows. (Cash outflows should be indicated with a minus sign.)