Wyoming Company uses the indirect method to prepare its statement of cash flows. Refer to the following portion of the comparative balancesheet:

Wyoming Company

Comparative Balance Sheet

December31, 2018 and 2017

2018

2017

Increase/

(Decrease)

Common Stock

$20,000

$12,100

$7,900

Retained Earnings

116,000

75,000

41,000

Treasury Stock

(8,500)

(5,500)

(3,000)

Total Equity

$127,500

$81,600

$45,900

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 iscorrect?

A.

There was a negative cash flow of

$7,900

from the issuance of Common Stock.

B.

There was zero net cash flow from transactions involving Common Stock.

C.

There was a positive cash flow of

$7,900

from the issuance of Common Stock.

D.

There was positive cash flow of

$20,000

from issuance of Common Stock.