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Mercury Corporation issued 9,500 shares of no-par common stock for $25 per share. Mercury also issued 3,500 shares of $45 par, 5 percent noncumulative preferred

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Mercury Corporation issued 9,500 shares of no-par common stock for $25 per share. Mercury also issued 3,500 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

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