4 Newly formed S&J Iron Corporation has 164,000 shares of $7 par common stock authorized. On March 1, Year 1, S&J Iron issued 10,000 shares of the stock for $11 per share. On May 2, the company issued an additional 17,500 shares for $19 per share. S&J Iron was not affected by other events during Year 1. 3.33 points 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). Use NA to indicate that an element was not affected by the event. eBook Balance Sheet Income Statement Assets Liabilities + Revenue Expense = Net Income Cash Flow Event Cash + Stockholders' Equity Common PIC in Stock Excess 15,000| + + Print = March 1 0 + 0 01 = 0 110,000/= 332,500 110,000 FA 332,500 FA May 2 0 0 References 4 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? 3.33 points 160,000 eBook b. Common stock Paid-in capital in excess of par d. Total paid-in capital e. Total assets Print References f. Prepare journal entries to record the March 1 and May 2 transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Record the issue of common stock > Record the issue of additional common stock