Mercury Corporation issued $4,000$ shares of no$-$par common stock for $$30$ per share. Mercury also issued $1,500$ shares of $$70$ par, $5$ percent noncumulative preferred stock at $$80$ 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