[The following information applies to the questions displayed below.] Concord Corp. completed the following transactions in 2014, the first year of operation: 1. Issued 20,000 shares of $18 par common stock for $27 per share. 2. Issued 4,100 shares of $47 par, 8 percent, preferred stock at $49 per share. 3. Paid the annual cash dividend to preferred shareholders. 4. Issued a 5 percent stock dividend on the common stock. The market value at the dividend declaration date was $39 per share. 5. Later that year, issued a 2-for-1 split on the 21,000 shares of outstanding common stock. 6. Eamed $278,800 of cash revenues and paid $131,000 of cash operating expenses. value: 2.00 points Required a. Record each of these events 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) and net change in cash (NC). Use NA to indicate that an element is not affected by the event. (Enter any decreases to account balances and cash outflows with a minus sign.) Income Statement CONCORD CORP. Horizontal Statements Model Balance Sheet Stockholders' Equity Paid In Capital Paid-In Capital Retained in Excess + in Excess Preferred Stock Common Stock Earnings Assets Event Statement of Cash Flows Revenue Expenses = Net Income Preferred Stock + Common Stock + + 1. = = 2 + + + 4. + + 5. + + 6a. + + + 6b. + + + Totals 0 = 0 + 0 + 0 + 0 + 0 0- 0 = 0 1 b. Prepare the stockholders' equity section of the balance sheet at the end of 2014. CONCORD CORP Balance Sheet (Partial) As of December 31, 2014 Stockholders' Equity Total paid-in capital Total stockholders' equity