Exercise 8-11A (Algo) Issuing stock for cash LO 8-4 Tom Yuppy, a wealthy investor, paid $26,520 for 1,020 shares of $10 par common stock issued to him by Leuig Corp. A month later, Leuig Corp. issued an additional 2,040 shares of stock to Yuppy for $26 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. LEUIG CORP Horizontal Statements Model Balance Sheet Income Statement Assets Revenue Expense Net Income Staternent of Cash Flow Event Stockholders Equity Common PIC in Stock Excess Cash Land 1 - Common stock 2 - Issue of additional shares