On January 1, Year 1, Hardy Company had a balance of $101,500 in its Common Stock account. During Year 1, Hardy paid $52,200 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 $144,500. Assume that the common stock is no par stock. Required a. Determine the cash inflow from the issue of common stock. Common stock issued 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.) Cash flows from financing activities: / / Net cash flow from financing activities