Mercury Corporation issued 10,000 shares of no-par common stock for $30 per share. Mercury also issued 3,800 shares of $70 par, 6 percent noncumulative preferred stock at $80 per share. Required Record these events 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. MERCURY CORPORATION Horizontal Statements Model Event Assets Cash Balance Sheet Stockholders' Equity Revenue Income Statement Expense Statement of Cash Net Income Flow Preferred Stock Common Stock PIC in Excess 1 - Issue of CS 2- Issue of PS +