Tom Yuppy, a wealthy investor, exchanged a plot of land that originally cost him $$63,000$ for $1,400$ shares of $$10$ par common stock issued to him by Leuig Corporated On the same date, Leuig Corporated issued an additional $2,800$ shares of stock to Yuppy for $$45$ per share.

Required

$02$:$42$:$52$

a$.$ What was the value of the land at the date of the stock issue?

Value of the land

b$.$ Record the transactions in a horizontal statements model.

Note: In the Statement of Cash Flows column, indicate whether the item is an operating activity $($OA$),$ investing activity $($IA$),$ or financing activity $($FA$).$ Not all cells require input.

$\backslash$table$[[$Event$,$Balance Sheet,Income Statement,$\backslash$table$[[$Statement of Cash$],[$Flows$]]],[$Assets$,\backslash$table$[[=$