Mercury Corporation issued 5,000 shares of no-par common stock for $20 per share. Mercury also issued 3,700 shares of $70 par, 6 percent noncumulative preferred stock at $80 per share. Required: Record these events 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. MERCURY CORPORATION Horizontal Statements Model Balance Sheet Income Statement Statement of Cash Flow Stockholders' Equity Common Stock Revenue Expense - Net Income Assets Preferred PIC in Cash Event Stock Excess 1- Issue of CS 2 - Issue of PS

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Corporate Ethics

Ethics refers to the moral values and principles that guide an individual. Corporate ethics refers to the moral behavior of a company and its employees while conducting business. Business ethics is another name for corporate ethics. Business ethics reflects the purpose of doing the business. Business ethics is the distinction between what is right and wrong in the workplace and the selection of the right set of actions. Every corporate entity follows business ethics to a large extent in order to survive and compete successfully in the market. Corporate entities that strictly adhere to business ethics gain the trust of their stakeholders and thus gain more customers. An organization follows compliance, i.e., following certain business policies, rules, procedures, and practices to deal with the problem arising from the business environment. Business ethics also ensures that they meet compliance requirements as it was connected with the activities of an organization.