Mercury Corporation issued 8,500 shares of no-par common stock for $15 per share. Mercury also issued 4,800 shares of $45 par, 5 percent noncumulative preferred stock at $55 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 activity (FA). Not all cells require input. Event 1- Issue of CS 2- Issue of PS Assets Cash 127.500 = 216,000 = Balance Sheet Preferred Stock Stockholders' Equity + + MERCURY CORPORATION Horizontal Statements Model + Common Stock + 127,500 + ++ Paid In Capital in Excess Revenue Income Statement Expense = = Net Income Statement of Cash Flows

Mercury Corporation issued 8,500 shares of no-par common stock for $15 per share. Mercury also issued 4,800 shares of $45 par, 5 percent noncumulative preferred stock at $55 per share Required Record the transactions in a horizontal statements modiel Note: In the Stotement of Cosh Flows column, indicate whether the item is on operating octivity (OA), investing activity (IA), or financing activity (FA). Not oll cells require input