Exercise 11-8A (Algo) Effect of issuing common stock on the balance sheet LO 11-4 Newly formed 5 ron Corporation has 179.000 shares of 35 par common stock authorized on March 1 Yeart Ss Iron issued 11500 shares of the stock for 512 per share on May 2. the company issued an additional 22.000 shares for $10 per here 56 Iron was not affected by other events during Year Required & Record the transactions in a horizontal statements model b. Determine the amount 56 ton would report for common stock on the December 31, Yeart balance sheet Dermine the amount 58 ron would report for peld.in capital in excess of par What is the total amount of capital contributed by the owners What amount of total assets would stron report on the December 31 Year balance sheet? Complete this question by entering your were in the tabs below. record the tree in shorteotal statements model in the Statement of Chlows como, indicate whether the competing wity (OA). Investing activity (IA), or TA).) BU MON CORPORATION Hrontalmente metalement pene Netices Flowe C Common PICI Een Negatos > Exercise 11-8A (Algo) Effect of issuing common stock on the balance sheet LO 11-4 Newly formed 58.J Iron Corporation hos 179,000 shares of $5 par common stock authorized on March 1 Year 1, S&J Iron issued 11,500 shares of the stock for $12 per share on May 2, the company issued an additional 22,000 shares for $18 per share. S&J Iron 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 58) Iron would report for paid.in capital in excess of por d. What is the total amount of capital contributed by the owners? 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. Reg A ReqB to E b. Determine the amount S) Iron would report for common stock on the December 31, Year 1. balance sheet c. Determine the amount SA) Iron would report for pald-in capital in excess of par d. What is the total amount of capital contributed by the owners? What amount of total assets would s&) Iron report on the December 31, Year 1, balance sheet? Show less Common stock Pada capital in excess of par Total aid in capital Total assets