Mercury Corporation issued $6,000$ shares of no$-$par common stock for $$45$ per share. Mercury also issued $3,000$ shares of $$50$ par, $5$ percent noncumulative preferred stock at $$52$ 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.

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$),$ an siement was not affected by the event.$)$

$\backslash$table$[[\{$

$\backslash$table$[[$MERCURY CORPORATION$],[$Horizontal Financial Statements Model$]]\}],[$Income Statement$],[$Event$,$Balance Sheet,,,,$\backslash$table$[[$Statoment of Cask$],[$Fitows$]]],[\backslash$table$[[$Assets$],[$Cash$]],*,$Liabilities,$+,\backslash$table$[[$Preferred$],[$Stock$]],+,\backslash$table$[[$kholders$\text{'}$ E$],[$Common$],[$Stock$]],+,\backslash$table$[[$Paid$-$in$],[$Capital in$]],$Revenue,$=>,$Expenae,$*,$Nat income$],[1-$ losue of common stock,,$=1,,+,,+1,,+8,],[2-$ lasue of prelerred slock,,$=1,,,,4,,,4,,,-1,,=>,,],[,,,,,,11,,1,,,--,,=>,,]]$

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