Mercury Corporation issued 4,000 shares of no-par common stock for $15 per share. Mercury also issued 2,800 shares of $50 par, 6 percent noncumulative preferred stock at $60 per share. Required a. Record these events in a horizontal statements model. b. Prepare journal entries to record these transactions. Complete this question by entering your answers in the tabs below. Required A Required B Record these events in a horizontal statements model. (In the Statement of Cash Flows column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA). Leave blank to indicate that an element was not affected by the event.) MERCURY CORPORATION Horizontal Financial Statements Model Balance Sheet Stockholders' Equity Common Stock Paid-in Capital in Excess Revenue Assets Liabilities + Event Cash Preferred Stock 1 - Issue of Common Stock 2- Issue of Preferred Stock Income Statement Statement of Cash Expense Net Income Flows Required A Required B >