[The following information applies to the questions displayedbelow.] Concord Corp. completed the following transactions in 2014,the first year of operation: 1. Issued 32,000 shares of $20 parcommon stock for $30 per share. 2. Issued 4,900 shares of $54 par,8 percent, preferred stock at $56 per share. 3. Paid the annualcash dividend to preferred shareholders. 4. Issued a 5 percentstock dividend on the common stock. The market value at thedividend declaration date was $43 per share. 5. Later that year,issued a 2-for-1 split on the 33,600 shares of outstanding commonstock. 6. Earned $250,700 of cash revenues and paid $131,000 ofcash operating expenses.
Required a. Record each of these events in a horizontalstatements model like the following one. In the Cash Flow column,indicate whether the item is an operating activity (OA), aninvesting activity (IA), or a financing activity (FA) and netchange in cash (NC). Use NA to indicate that an element is notaffected by the event. (Enter any decreases to account balances andcash outflows with a minus sign.)
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