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Newly formed S&J Iron Corporation has 101,000 shares of $5 par common stock authorized. On March 1, Year 1,5&J lron issued 11,000 shares of the

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Newly formed S\&J Iron Corporation has 101,000 shares of $5 par common stock authorized. On March 1, Year 1,5&J lron issued 11,000 shares of the stock for $9 per share. On May 2. the company issued an additional 23,000 shares for $19 per share. S\&J lron 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 tem is an operating activity (OA). investing activity (IA). Or francing activity (FA) If an element was not affected by the event, leave the coll blank, b. Determine the amount S\&.J tron 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 copital in excess of pat. d. What is the total amount of capital contributed by the owners? e. What amount of total assets would S\&l Iron report on the December 31, Year 1, balance eheet? Complete this question by entering your answers in the tabs below. feccerd the transactions in a hoigontal stotements model. In the Cash flow column, indicate whether the item is an operating activity (OA), investi activity (FA). If an element was not affected by the event, leave the cell blank. Newly formed S8J Iron Corporation has 101,000 shares of $5 par common stock authonized On March 1, Year 1, S\&) lron issued 11,000 5 hares of the stock for $9 per share. On May 2 , the company issued an additional 23.000 shares for $19 per share S\&I I Ison 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 liem is an operating activity (OA), irvesting activity (A), or financing activity (FA) If an element was not atfected by the event, leave the cell blank b. Determine the amount S\&J lron would report for common stock on the December 31, Year 1, balance sheet. c. Determine the amount S\&J Iron would report for poid-in capital in excess of par. d. What is the total amount of capital contributed by the owhers? e. What amount of total assets would S\&J Iron report on the December 31, Year 1. batance sheet? Complete this question by entering your answers in the tabs below. b. Determine the amount 52J fron would report for common stock on the December 31, Year 1, balance sheet. c. Determine the amount stel Iron would report for paid in capital in excens of pat. d. What is the total amount of copital contributed by the owners? e. What amount of total assets would SEJ Iron report on the December 31, Year 1, balance shee

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