On the basis of the details of the common stock account presented below, calculate the total amount to be recorded in the 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.

Statement of Cash Flows

A statement that outlines the influence of balance sheet and income modifications on the status of cash and cash equivalents, divided by the categories of operational, investment, and financial activities.

Financing Section

Part of the cash flow statement that shows cash flows related to borrowing, repaying debts, and equity transactions.

Common Stock

A type of ownership in a corporation that entitles holders to vote on corporate matters and receive dividends.