RENCES MALINGS REVIEW VIEW 28 Avatar Company uses the indirect method to prepare its statement af cash flows Refer to the fonowing portion of the comparative balance sheet Avatar Company Comparative Balance Sheet December 31, 2014 and 2013 2014 2013 Increase decrease S16,000 S12.000 S4.000 Common Stock Retained Eamings Treasury Stock (8. (5.000 G.000) $40,000 Total equity $121.000 1) There was no retirement of stock during the year. 2) There were no sales of treasury stock during the year. Which of the following statements would be true? A) There was zero net cash flow from transactions involving Common Stock B) There was a negative cash flow of $4,000 from the issuance of Common Stock C) There was a positive cash flow of $4,000 from the issuance of Common Stock D) There was positive cash flow of $16,000 from issuance of Common Stock Taylor Company fouows the indirect method to prepare its statement of cash flows. Refer to the following portion of the comparative balance sheet Taylor Conapasy