On January 1, Year 1, Thornton Company had a balance of $104,500 in its Common Stock account. During Year 1, Thornton paid $26,000 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 $140,000. 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. Note: Cash outflow should be indicated with a minus sign. Cash flows from financing activities: Net cash flow from financing activities < Required A Required B >