Check my word Exercise 11-8A (Algo) Effect of issuing common stock on the balance sheet LO 11-4 Newly formed S&J Iron Corporation has 179,000 shares of $6 par common stock authorized on March 1, Year 1, S&J Iron issued 8,000 shares of the stock for $12 per share. On May 2. the company issued an additional 19,000 shares for $21 per share. S&J Iron was not affected by other events during Year 1. Required a. Record the transactions in a horizontal statements model. 6. Determine the amount SJ 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 pat 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. Ren A Reg to 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 financing activity (FA). Not all cells require input.) SUJIRON CORPORATION Horizontal Statements Model Balance Sheet Income Statement Statement of Cash Assets Llabis ties Stockholders' Equity Revenue Expense Not Income Flow Event Common PC in Cash Stock Excess March 1 May 2 + + . 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? Show less b. Common stock c. Pald.in capital in excess of par d. Total pald-in capital Total assets