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Tom Yuppy, a wealthy Investor, paid $42,000 for 1,200 shares of $10 par common stock issued to him by Leuig Corp. A month later, Leuig

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Tom Yuppy, a wealthy Investor, paid $42,000 for 1,200 shares of $10 par common stock issued to him by Leuig Corp. A month later, Leuig Corp. issued an additional 2,400 shares of stock to Yuppy for $35 per share. Required Show the effect of the two stock issues on Leulg'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. Income Statement LEUIG CORP Horizontal Statements Model Balance Sheet Stockholders' Equity Revenue Land Common PIC in Stock Excess Assets Expense Net Income Statement of Cash Flow Event Cash . 42,000 1 - Common stock 2 - Issue of additional shares

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