On January 1, Year 1, Stuart Company had a balance of $117,000 in its Common Stock account. During Year 1, Stuart paid $7,600 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 $132,000. 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. Complete this question by entering your answers in the tabs below. Required A Required B Determine the cash inflow from the issue of common stock. Common stock issued Regud A Required B > On January 1, Year 1, Stuart Company had a balance of $117,000 in Its Common Stock account. During Year 1, Stuart paid $7,600 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 $132,000. 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. Complete this question by entering your answers in the tabs below. Required A Required B Prepare the financing activities section of the Year 1 statement of cash flows. (Cash outflow should be indicated with a minus go). Cash flows from financing activities: Net cash flow from financing activities