On Januscy 1, Year 1, Hardy Company thad a balance of $104,000 in its Common Stock account. During Year 1, Hardy paid $54,800 to purchase treasury stock. Treasury stock is accounted for using the cost method. The balance in the Common Stock account on becember 31 , Yoar 1 , was $49,000. Assume that the common stock is fo por stock: Required a. Determine the cosh 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