Exercise 11-10A Effect of no-par common and par preferred stock on the horizontal statements model LO 11-4 14.28 points Mercury Corporation issued 3,000 shares of no-par common stock for $10 per share. Mercury also issued 1,600 shares of $75 par, 5 percent noncumulative preferred stock at $85 per share. eBook Hint Required Record the transactions in a horizontal statements model. (In the Statement of Cash Flows column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA). Not all cells in the "Statement of Cash Flows" column may require an input - leave cells blank if there is no corresponding input needed.) MERCURY CORPORATION Horizontal Statements Model Balance Sheet Stockholders' Equity Revenue Preferred Common PIC in Stock Stock Excess Income Statement Expense Statement of Cash Flows Assets Net Income Event Cash 1 - Issue of CS 2 - Issue of PS