Tom Yuppy, a wealthy Investor, paid $31,320 for 1,080 shares of $10 par common stock issued to him by Leuig Corp. A month later, Leuig Corp. Issued an additional 2,160 shares of stock to Yuppy for $29 per share. Required 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). If an element was not affected by the event, leave the cell blank. Assets Event Cash Land 1 - Common stock 31,320 2- Issue of additional shares 62,640 Answer is not complete. LEUIG CORP. Horizontal Statements Model Balance Sheet Income Statement = Stockholders' Equity Revenue Expense Net Income Statement of Cash Flow Common Stock PIC in Excess 10,800 20,520 = 21,600 41,040 FA FA