Exerclse 14-12A (Algo) Determining cash flows from financing actlyitles LO 14.4 On January 1, Year 1, Jordan Compary had a balance of $109,500 in its Common Stock account During Year 1, Jordan pald $15,900 to purchase treasury stock. Treasury stock 15 accounted for using the cost method. The balance in the Common stock account on December 31, Year 1 , was $32000. Assume that the common stock ls no par stock. Required a. Determine the cash inflow from the issue of common stock b. Prepare the financing activites section of the Year 1 statement of cash flows