Exercise 8-11 Issuing stock for cash LO 8-4 Tom Yuppy, a wealthy investor, paid $40,120 for 1,180 shares of $10 par common stock issued to him by Leuig Corp. A month later, Leuig Corp. issued an additional 2,360 shares of stock to Yuppy for $34 per share. Required: Show the effect of the two stock issues on Leuig's books 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 TOM YUPPY cO. Horizontal Statements Model Balance Sheet Income Statement Statement of Cash Flow Stockholders' Equity Net Income Assets Revenue Expense Event PIC in Excess Common Stock Cash Land + 1 - Common Stock + 2- Issue of additional shares