The following information was drawn from the year-end balance sheets of White, Inc. Bonds payable Common stock Treasury stock Retained earnings Year 2 Year 1 $240,000 $335,000 202,500 137,500 107,500 62,500 95,000 77,500 White, Inc., uses the cost method to account for treasury stock. No treasury stock was sold during the year. What is the amount of cash outflows for the purchase of treasury stock? Multiple Choice $17,500 $107,500 $115,000