nces Exercise 8-11A (Algo) Issuing stock for cash LO 8-4 Tom Yuppy, a wealthy investor, paid $47,880 for 1,260 shares of $10 par common stock issued to him by Leuig Corp. A month later, Leuig Corp. issued an additional 2.520 shares of stock to Yuppy for $38 per share. Required Show the effect of the two stock issues on Leuig's books 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 Event 1-Common stock) 2-Issue of additional shares LEUIG CORR Horizontal Statements Model Assessment Tool iframe Balance Sheet Income Statement Assets Stockholders' Equity Revenue Expense Net Income Statement of Cash Flow Cash Land Common Stock PIC in Excess Check my work