New York Production Company uses the indirect method to prepare its statement of cash flows. The Treasury Stock account had a debit balance of? $8,000 at the beginning of the year and a debit balance of? $16,000 at the end of the year. No treasury stock was sold during the year. The financing section of the statement of cash flows will show a positive cash flow of? $8,000 for the buyback of treasury stock. True or False