On January 1, Year 1. Hardy Company had a balance of $109,000 in its Common Stock account. During Year 1. Hardy paid $46,100 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 $147,000. Assume that the common stock is no par stock. Required o. 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 a minus sign.) On January 1, Year 1, Sheiton Company had a balance of $277,000 in its Land account. During Year 1, Shelton sold land that had cost $77,500 for $153,500 cash. The balance in the Land account on December 31 , Year 1, was $290,500. Required Q. Determine the cash outfiow for the purchase of land during Year 1 . b. Prepare the investing activities section of the Year 1 statement of cash flows. (Amounts to be deducted should be indicoted with a minus sign.)