Exercise 8-11A (Algo) Issuing stock for cash LO 8-4 Tom Yuppy, a wealthy investor, paid $56,280 for 1.340 shares of $10 par common stock issued to him by Leuig Corp. A month later. Leuig Corp. issued an additional 2,680 shares of stock to Yuppy for $42 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 (1A), or financing activity (FA). If an element was not affected by the event, leave the cell blank Assets LEUIG CORP. Horizontal Statements Model Balance Sheet Stockholders' Equity Revenue Land Common Pic in Stock Excess 13.400 42,800 26.800 85.760 Income Statement Expense Net Income Statement of Cash Event Flow Cash 1 - Common stock 2 - Issue of additional shares 56 280+ 112 5601