Newly formed S&J Iron Corporation has 113,000 shares of $5 par common stock authorized. On March 1, Year 1, S&J Iron issued 10,500 shares of the stock for $12 per share. On May 2, the company issued an additional 17,000 shares for $20 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 Statement of Cash Flows column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA). Not all cells in the "Statement of Cash Flows" column may require an input - leave cells blank if there is no corresponding input needed.) 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? Req A Req B to E Record the transactions in a horizontal statements model. (In the Statement of Cash Flows column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA). Not all cells in the "Statement of Cash Flows" column may require an input - leave cells blank if there is no corresponding input needed.) S&J IRON CORPORATION Horizontal Statements Model Income Statement Balance Sheet Assets Liabilities + Stockholders' Equity Revenue Expense = Net Income Statement of Cash Flows Event Cash + Common Stock + PIC in Excess + March 1 May 2 Req A Req B to E 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? Show less A b. Common stock C. Paid-in capital in excess of par d. Total paid-in capital e. Total assets