Newly formed S8J Iton Corporation has 167,000 shares of $5 par common stock authorized. On March 1, Year 1, S\&J Iron issued 8,000 shares of the stock for $13 per share. On May 2, the company issued an additional 21,000 shares for $19 per share. \( \$ \& J \)amp;J iron was not affected by other events during Year 1 . Required a. Use a horizontal financial statements model to show how each event affects the balance sheet, income statement, and statement of cash flows. More specificolly, record the amounts of the events into the modeL. Also, in the Statement of Cash Flows column, classify the cash flows as operating activities (OA). investing activities (LA) or financing activities (FA). b. Determine the amount S8. Jiron would report for common stock on the December 31 Year 1 , balance shoet. c. Determine the amount \( \$ \& \)amp; 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 iton report on the December 31 , Year 1, bolance sheet? Complete this question by entering your answers in the tabs below. Use a horsontal financial statements model to show how esch event affects the balance sheet, income statement, and statement of cash fows. More spocincaliy, recor amounts of the events into the model. Also, in the Statement of Cash Flows columh, classify the cash flows as operating activities (OA), investing activities (IA), or fine. activities (FA). Newly formed S\&J Iron Corporation has 167,000 shares of $5 par common stock authorized. On March 1, Year 1,58J lron issued 8,000 shares of the stock for $13 per share. On May 2, the company issued an additional 21,000 shares for $19 per share. S\&J lron was not affected by other events during Year L Required a. Use a horizontal financial statements model to show how each event affects the balance sheet, income statement, and statement of cash flows. More specifically, record the amounts of the events into the model. Also, in the Statement of Cash Flows column, classify the cash flows as operating activities (OA), investing activities (A), or financing activities (FA). b. Determine the amount Ss. lron would report for common stock on the December 3t, 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 SEJ Iron report on the December 31, Year 1, balance sheet? Complete this question by entering your answers in the tabs below. b. Determine the amount ss Iron would repert for common stock on the December 31 , Year 1 , balance sheet. c. Determine the amount SAJ 1 ron would report for paid-in capital in excess of par. d. What is the total amount of capitar contributed by the owners? e. What amount of tolal assets would S\$3 Iron report on the December 31 , Year 1, balance sheet