On the basis of the details of the common stock account presented below, calculate the total amount to be recorded in financing section of the statement of cash flows. Assume any stock issues were at par. Indicate whether the amount results in an increase or decrease in cash. Common Stock, $10 Par Balance Date Item Debit Credit Debit Credit $500,000 550,000 Jan.1 Balance, 50,000 shares Mar. 7 5,000 shares issued at par for cash Sept. 20 2,500-share stock dividend Dec. 10 2,000 shares issued at $20 for cash $50,000 25,000 40,000 575,000 615,000 Cash flows from financing activities: Cash received from sale of common stock