Exercise 12-12A Determining cash flows from financing activities LO 12-4 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 $149,000. Assume that the common stock is no par stock. 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. (Amounts to be deducted should be indicated with minus sign.) Cash flows from financing activities Nel cash flow from financing activities