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Tom Yuppy, a wealthy investor, paid $60,720 for 1,380 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 $60,720 for 1,380 shares of $10 par common stock issued to him by Leuig Corp. A month later, Leuig Corp. issued an additional 2760 shares of stock to Yuppy for $44 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 TOM YUPPY CO. Horizontal Statements Model Balance Sheet Stockholders' Equity Revenue Land Common PIC in Stock Excess Income Statement - Expense - Net Income Assets Statement of Cash Flow Event Cash + 1 - Common Stock 2 - Issue of additional shares

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