Newly formed \( \$ \& J \)amp;J iron Corporation has 143,000 shares of $4 par common stock authorized. On March 1, Year 1,S&J Iron issued 8,000 shares of the stock for $10 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 honzontal 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. Year 1, balance sheet? Mecerd 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\& 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