Tom Yuppy, a wealthy investor, paid $31,320 for 1,080 shares of $10 par common stock issued...

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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. Event 1-Common stock 2-Issue of additional shares LEUIG CORP. Horizontal Statements Model Balance Sheet Income Statement Assets Cash Common Land Stock Stockholders' Equity PIC in Excess Statement Revenue Expense Net Income Flo + 11 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. Event 1-Common stock 2-Issue of additional shares LEUIG CORP. Horizontal Statements Model Balance Sheet Income Statement Assets Cash Common Land Stock Stockholders' Equity PIC in Excess Statement Revenue Expense Net Income Flo + 11