On January 1, Year 1, Hardy Company had a balance of $104,000 in its Common Stock account. During Year 1, Hardy paid $38,800 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 $135,500. 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. Note: Amounts to be deducted should be indicated with a minus sign