Exercise 8-11A (Algo) 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 Levig Corp. A morith 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 Leulg's books in a horizontal statements model in the Cash Flow column, indicate whether the item is an operating activity (OA), Investing activity (A), of financing activity (FA), If an element was not affected by the event, leave the cell blank LEUIG CORP Horitontal Statements Model Balance Sheet Income Statement Expense Assets Revenue Net Income Statement of Cash Flow Event Cash Land Stockholders' Equity Common PIC in stock Exce 11,800 28,320 23,600 - 23.000 1 - Common stock 2 - Issue of additional shares 40.120 80 240 OF O