Complete this question by entering your answers in the tabs below. Use a horizontal financial statements model to show how each event affects the balance sheet; income statement, and statement of cash flows. More 5 amounts of the events into the model. Also, in the Statement of Cash Flows column, classify the cash fiows as operating activities (OA), investing activ activities (FA). Nowly formed S\&J Iron Corporation has 159,000 shares of \$3 par common stock authorized. On March 1, Year 1, S\&J Iron issued 10,500 shares of the stock for $11 per share. On Moy 2, the compony issued an additional 22,500 shates for $20 per share. S\&J Iron was not affected by other events during Year 1. Required a. Use a horizontal financial statements model to show how each event affects the balance sheet, income statement, and statenent of cash fows. More specifically, record the amounts of the events into the model. Also, in the Statement of Cash Flows column, classify the cash flows as operating activities (OA), investing activities (IA), or financing activities (FA). b. Determine the amount S\&J Iron would report for common stock on the December 31, Year 1, balance sheot. c. Determine the amount 5&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. Use a horizontal financial statements model to show how each event affects the balance sheet, income statement, and statemont of cash fiows, More specifically, recor amounts of the events into the model. Also, in the Statement of Cash Flows column, classify the cash fows as operating activities (OA), irwesting activities (IA), or fin activities (FA). Required: Use the following information to prepare a classified balance sheet for Alpha Company at the end of Year 1. the cash flows as operating activities (OA), investing activities (IA), or financing activities (FA). 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. 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. b. Determine the amount 58J iron would report for common stock on the December 31 , Year 1, balance sheet. c. Determine the amount S8J 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 S8J Iron report on the December 31, Year 1, balance sheet
