Newly formed \( \$ \& \)amp; J Iron Corporation has 65,000 shares of $4 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 18,500 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 b. Determine the amount 5&3 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? b. Determine the amount 58J Iron would report for common stock on the December 31 , Year 1 , balance sheet. c. Determine the amount 58 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 58J Iron report on the December 31, Year 1, balance sheet