On January $1,$ Year $1,$ Fanning Company had a balance of $$113,000$ in its Common Stock account. During Year $1,$ Fanning paid $$23,400$ 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 $$145,500.$ Assume that the common stock is no par stock.Requireda. Determine the cash inflow from the issue of common stock.b$.$ Prepare the financing activities section of the Year $1$ statement of cash flows.