Check my work Exercise 11-8A (Algo) Effect of issuing common stock on the balance sheet LO 11-4 ok Newly formed S&J Iron Corporation has 197,000 shares of $6 par common stock authorized on March 1 Year 1 58 trossed 9.000 shares of the stock for $10 per share. On May 2, the company issued an additional 8,000 shares for 521 per share 581 ton was not affected by other events during Year 1. Required a. Record the transactions in a horizontal statements model 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 Yeart, balance sheet? + Complete this question by entering your answers in the tabs below Red A Reg to E Record the transactions in a horizontal statements model in the Statement of Cash Flows column, indicate whether the item in eo financing activity (FA). Not all cells require input.) S&J IRON CORPORATION 1959 11 Next > Set Complete this questions by entering you were in the Rega Registo Record the transactions in a horizontal statements model in the same cathrows columns with financing activity (PA) Not all cells require input.) Story Toon CA March May 2 RegBE) 318 Next > AGO 2 of 11 .