12 0.5 points Skipped Print Problem: Module 3 Textbook Problem 12 Learning Objectives: 3-10 Identify the characteristics of capital stock 3-12 Show how issuing different classes of stock affects financial statements Newly formed S&J Iron Corporation has 115,000 shares of $5 par common stock authorized. On March 1, Year 1, S&J Iron issued 10,500 shares of the stock for $10 per share. On May 2, the company issued an additional 16,500 shares for $20 per share. S&J Iron was not affected by other events during Year 1. Required a. Record the transactions 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. 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. Reg A Req B to E Check my work Record the transactions in a horizontal statements model. In the Cash Flow column, indicate whether the item is an operating activity (OA), investing activity (IA), or a activity (FA). If an element was not affected by the event, leave the cell blank. SAJON CORPORATION Horizontal Statements Model Balance Sheet come Statement Assata Liabilities Stockholders' Equity Revenue Expense Net Cash Flow Check my work 12 a. what is une tous amount of capia contnouted by the ow e. What amount of total assets would S&J Iron report on the December 31, Year 1, balance sheet? 0.5 points Complete this question by entering your answers in the tabs below. Skipped Req A Req B to E H Print Record the transactions in a horizontal statements model. In the Cash Flow column, indicate whether the item is an operating activity (OA), investing activity (IA), or fina activity (FA). If an element was not affected by the event, leave the cell blank. S&J IRON CORPORATION Horizontal Statements Model Stockholders' Equity Revenue Income Statement Expense Net Income Cash Flow PIC in Excess Balance Sheet Event Assets Cash Liabilities Common Stock March 11 May 21 Req to > 0.5 points Skipped 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. Hint 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 Print 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