Newly formed Electronics Services Corporation has 127,000 shares of $6 par common stock authorized. On March 1, 2014, Electronics Services issued 8,500 shares of the stock for $11 per share. On May 2 the company issued an additional 18,000 shares for $19 per share. Electronics Services was not affected by other events during 2014. Required a. Record the transactions in a horizontal statements model like the following one. In the Cash Flow column, indicate whether the item is an operating activity (OA), an investing activity (IA), or a financing activity (FA). Use NA to indicate that an element was not affected by the event. (Enter any decreases to account balances and cash outflows with a minus sign.) ELECTRONICS SERVICES CORPORATION Horizontal Statements Model Balance sheet Income Statement Assets Stockholders' Equity Date Paid-in Revenue Expense Net Income Liabilities Common Capital In Stock Cash Excess 0 March 01, 93,500 2014 0 May 02, 2014, 342,000 Statement of Cash Flow