Tom Yuppy, a wealthy investor, exchanged a plot of land that originally cost him $43,920 for 1,220 shares of $10 par common stock issued to him by Leuig Corp. On the same date, Leuig Corp. issued an additional 2,440 shares of stock to Yuppy for $36 per share. Required a. What was the value of the land at the date of the stock issue? Value of the land b. 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). Use NA to indicate that an element was not affected by the event. Balance Sheet - Stockholders' Equity Land Common PIC in Stock Excess Income Statement - Expense = Net Inc Assets + Revenue Event Cash 1 - Exchange of land for shares 2 - Issue of additional shares