Check my wc 3 Newly formed S&J Iron Corporation has 58,000 shares of $6 par common stock authorized. On March 1, Year 1, S&J Iron issued 8,000 shares of the stock for $11 per share. On May 2, the company issued an additional 25,000 shares for $20 per share. S&J Iron was not affected by other events during Year 1. 14.28 points 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 activity (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. 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? eBook Complete this question by entering your answers in the tabs below. Reg A Reg B to E 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 activity (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.) S&J IRON CORPORATION Horizontal Statements Model Income Statement Balance Sheet Assets Liabilities Revenue Expense Net Income Statement of Cash Flows Event Stockholders' Equity Common PIC in Stock Excess Cash + March 1 May 2 ReoRta E