Exercise 12-12A (Algo) Determining cash flows from financing activities LO On January 1, Year 1, Hardy...

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Exercise 12-12A (Algo) Determining cash flows from financing activities LO On January 1, Year 1, Hardy Company had a balance of $107,500 in its Common Stock account. During Year 1, Hardy paid $30,000 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. Required A Required B Determine the cash inflow from the issue of common stock. Cash inflow from the issue of common stock. Exercise 12-12A (Algo) Determining cash flows from financing activities LO On January 1, Year 1, Hardy Company had a balance of $107,500 in its Common Stock account. During Year 1, Hardy paid $30,000 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. Required A Required B Determine the cash inflow from the issue of common stock. Cash inflow from the issue of common stock.