101 po 4 Exercise 11-8A Effect of issuing common stock on the balance sheet LO 11-4 www Newly formed S&J Iron Corporation has 171,000 shares of $5 par common stock authorized. On March 1, Year 1, S&J Iron issued 11.000 shares of the stock for $11 per share. On May 2, the company issued an additional 17,500 shares for $20 per share. S&3 Iron was not affected by other events during Year 1 Required a. Record the transactions in a horizontal statements model. (In the Statement of Cash Flows column, Indicate whether the item is an operating activity (OA), investing ectivity (IA), or financing activity (FA). Not all cells in the "Statement of Cash Flows" column may require an input leave cells blank if there is no corresponding input needed.) b. Determine the amount S&J Iron would report for common stock on the December 31, Year 1, balance sheet e. Determine the amount S&J Iron would report for paid-in capital in excess of par d. What is the total amount of capital contributed by the owners? e. What amount of total assets would S&J Iron report on the December 31, Year 1, balance sheet? Complete this question by entering your answers in the tabs below. A Beg 8 to E C Record the transactions in a horizontal statements model. (In the Statement of Cast Flows column, indicate whether the item is an operating activity (CA), investing act Cancing activity (FA) Not all cells in the "statement of Cash Flows" column may room amput have cells blank it there is no corresponding input needed) SARON CORPORATION Hotzontal Statements Mod e. what amount or total assets would sau on report on the December 31, rear 1, balance sheet Complete this question by entering your answers in the tabs below. Reg A eq to E Record the transactions in a horizontal statements model (In the Statement of Cash Flows column, indicate whether the them is an operating activity (CA), vesting activity (IN), or financing activity (TA). Not all cells in the "Statement of Cash Flows column may require an input leave cells blank if there is no corresponding put needed.) SAJIRON CORPORATION Horizontal Statements Model Balance Sheet locome Statement Assets M Liabilities Event Cash Common Stock Stockholders Equity PIC in Excess Revenue Expense Income Statement of Cash Flows March 1 May 2 Raq B to > b. Determine the amount S&J Iron would report for common stock on the December 31, Year 1, balance sheet. c. Determine the amount S&J Iron would report for paid-in capital in excess of par. d. What is the total amount of capital contributed by the owners? e. What amount of total assets would S&J Iron report on the December 31, Year 1, balance sheet? Complete this question by entering your answers in the tabs below. Req A Req B to E b. Determine the amount S&J Iron would report for common stock on the December 31, Year 1, balance sheet. c. Determine the amount S&J Iron would report for paid-in capital in excess of par d. What is the total amount of capital contributed by the owners? e. What amount of total assets would S&J Iron report on the December 31, Year 1, balance sheet? b. Common stock c Paid-in capital in excess of par d. Total paid-in capital e Total assets Show less A