Newly formed Electronics Services Corporation has 192,000 shares of $6 par common stock authorized On March 1, 2014, Electronics Services issued 10,500 shares of the stock for $10 per share. On May 2 the company issued an additional 20,000 shares for $22 per share. Electronics Services was not affected by other events during 2014 Required a.Record the transactions in a horizontal statements model like the follo wing 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 Statement of Cash Flow Date Liabilities Common Paid-in Revenu eE ExpenseNet Income Cash- Stock Capital In Excess March 01, 2014 May 02, 2014 63,000 120,000 42,000 105,000 FA 105,000 440,000 320,000 440,000 FA