ter 14 ime Left:0:58:35 Jared Parchman: Attempt 1 Athletics, Inc. uses the indirect method to prepare its statement of cash flows. Refer to the following portion of the comparative balance sheet: Athletics, Inc. Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 Increase/(Decrease) Common Stock $20,000 $12,300 $7700 Retained Earnings 113,000 79,000 34,000 (8200) (5300) (2900) Treasury Stock Total Equity $124,800 $86,000 $38,800 Note: 6:12 PM 7/2/2020 edu apter 14 X Time Left:0:58:20 Jared Parchman: Attempt 1 Total Equity $124,800 $86,000 $38,800 Note: 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 is correct? There was zero net cash flow from transactions involving Common Stock. There was a positive cash flow of $7700 from the issuance of Common Stock. There was positive cash flow of $20,000 from issuance of Common Stock. There was a negative cash flow of $7700 from the issuance of Common Stock. Question 16 (4 points) Saved 6:12 PN 7/2/202