Mercury Corporation issued 6,500 shares of no-par common stock for $20 per share. Mercury also issued 1,000 shares of $55 par, 6 percent noncumulative preferred stock at $65 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. Balance Sheet Event Assets Cash Preferred Stock 1-Issue of CS 2-Issue of PS MERCURY CORPORATION Horizontal Statements Model Stockholders' Equity Common Stock PIC in Excess Income Statement Revenue Expense Net Income Statement of Cash, Flow