ch Mercury Corporation issued 3,500 shares of no-par common stock for $30 per share. Mercury also issued 4,400 shares of $30 par, 6 percent noncumulative preferred stock at $40 per share. Required Record these events in a horizontal statements model. In the Cash Flow column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA). If an element was not affected by the event, leave the cell blank. MERCURY CORPORATION Horizontal Statements Model Balance Sheet Stockholders' Equity Revenue Preferred Common PIC in Stock Stock Excess Assets Income Statement Expense Statement of Cash Flow Net Income Event Cash 1 - Issue of CS 2- Issue of PS ++