Message Company uses the indirect method to prepare its statement of cash flows

Refer to the following portion of the comparative balance sheet:

Message Company
Comparative Balance Sheet
December 31, 2017 and 2016
2016 2015 Increase/(Decrease)
Common Stock $18,000 $12,400 $5,600
Retained Earnings 113,000 80,000 33,000
Treasury Stock (8,000 ) (5,400 ) (2,600 )
Total Equity $123,000 $87,000 $36,000

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?
A) There was zero net cash flow from transactions involving Common Stock.
B) There was a negative cash flow of $5,600 from the issuance of Common Stock.
C) There was a positive cash flow of $5,600 from the issuance of Common Stock.
D) There was positive cash flow of $18,000 from issuance of Common Stock.

C