Newly formed S&J Iron Corporation has 107,000 shares of $7 par common stock authorized on March Year 1. SEJ Iron issued 11000 shores of the stock for $10 per shore On May 2, the company issued on additional 15.500 shares for $21 per shore. 58Iron was not affected by other events during Year 1 Required 6. Record the transactions in a horizontal statements model in the Cash Flow column, indicate whether the item is an operating activity (OA), Investing activity (A) or financing activity (FA)if on element was not affected by the event leave the cell blank b. Determine the amount stron 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 ostets would S&J Iron report on the December 31 Year 1, balance sheet? 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 (A), 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 Yeart balance sheet c. Determine the amount 58) 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? Complete this question by entering your answers in the tabs below. Rega Hey Record the transactions in a horizontal statements modelin the coah Mew column, indicate whether the term is an operating city (OA), inverting activity activity (FA). If an element was not affected by the event, leave the cell blank, S&J IRON CORPORATION Horizontal Statements Model Balance Sheet Income Statement Assets Liabilities Stockholders' Equity Revenue Expense Net Income Cash Event Common Pic in Cash Stock Excess March May 2 Reg to E Complete this question by entering your answers in the tabs below. Rega Reg a lie b. Determine the amount St 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 capital in excess of par d. What is the total amount of capital contributed by the owners? What amount of total otsets would so Iron report on the December 31, Year 1, balance sheet? shwa Common stock Pad-in capital in excess of pat Total paid in capit Total assets