Newly formed S8J Iron Corporation has 87,000 shares of $4 par common stock authorized, On March 1. Year 1; 58 I Iron insued zo soof shares of the stock for \$12 per share. On May 2. the comparly issued an additional 23.000 shares far $19 per staike. SE. Iran wik not affected by other events duting Yeam 1 Required a. Record the transactions in a hocizontai statements modet. b. Determine the amount SR.J Iron would report for common stock on the December Bt, Year 1, batance sheet c. Determine the amount S\&. Iron would report for pald in capitat in excess of par. d. What is the total amounit of capital contributed by the owners? e. What amount of total assets would Sed Iron feport on the Dencember 31, Year 1 bolance sheet? Complete this question by entering your answers in the tabs below. Rocord the transactions in a horizontal statements model. Complete this question by entering your answers in the tabs below. Record the transactions in a horizontal statements model. Note: in the Statement of Cably Flows column, indicate whether the item is-an operating activity (OM), investing activity (th), or financing activity Complete this question by entering your answers in the tabs below. b. Determine the amount S\&U Iron would report for common stock on the December 31, Year 1 , balance sheet. c. Determine the amount 58J Iron would report for paid-in capital in excess of par. d. What is the total amount of capital contributed by the owners