ces Mercury Corporation issued 4,000 shares of no-par common stock for $15 per share. Mercury also issued 2,300 shares of $40 par, 6 percent noncumulative preferred stock at $50 per share. Required a. Record these events in a horizontal statements model. b. Prepare journal entries to record these transactions. Complete this question by entering your answers in the tabs below. Required A Required B Record these events in a horizontal statements model. (In the Statement of Cash Flows column, indicate whether the item is an operating activity (OA), investing activity (IA) element was not affected by the event.) MERCURY CORPORATION Horizontal Financial Statements Model Balance Sheet Income Statement Assets Liabilities + Stockholders' Equity Statemen Event Cash Preferred Stock Common Stock Paid-in Capital Revenue Expense Net Income Flo in Excess 1-Issue of Common Stock 60.000 60,000 60,000 2-Issue of Preferred Stock 92.000 Required A Required B >