Mercury Corporation issued 3,500 shares of no-par common stock for $15 per share. Mercury also issued 3,700 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 Income Statement Statement of Cash. Flow Revenue Expense Net Income Preferred Stock Common Stock PIC in Excess 1-Issue of CS 2-Issue of PS