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Tom Yuppy, a wealthy investor, paid $58,480 for 1,360 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 $58,480 for 1,360 shares of $10 par common stock issued to him by Leuig Corp. A month later, Leuig Corp. issued an additional 2,720 shares of stock to Yuppy for $43 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 (A), 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 Stockholdere Equity Revenue Common PIG in Land Stock Exco Expense - Net Income Statement of Cash Flow Assets Event Cash 1 - Common stock 2- of additional shares

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