Mercury Corporation issued $10,000$ shares of no$-$par common stock for $$15$ per share. Mercury also issued $5,000$ shares of $$40$ par, $5$ percent noncumulative preferred stock at $$50$ per share.

Required

Record the transactions in a horizontal statements model.

Note: 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 require input.