Newly formed S & J Iron Corporation has 64,000 shares of $ 4 par common stock authorized . On March 1 , Year 1 , S & J Iron issued 11,000 shares of the stock for $ 12 per share . On May 2 , the company issued an additional 17,500 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 . In the Cash Flow column , indicate whether the item is an operating activity ( OA ) , investing activity ( IA ) , or financing activity ( FA ) . If an element was not affected by the event , leave the cell blank . 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 ?