Mercury Corporation issued 5,000 shares of no-par common stock for $20 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 Balance Sheet Stockholders' Equity Revenue Preferred Common PIC in Stock Stock Excess Income Statement Expense = Net Income Statement of Cash Flow Assets Event Cash - 1 - Issue of CS + 2 - Issue of PS +