Newly formed S&J Iron Corporation has 116,000 shares of $5 par common stock authorized on March 1 Year 1, S&J Iron issued 8,500 shares of the stock for $13 per share. On May 2, the company issued an additional 20.500 shares for $22 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 Cash Flow column, indicate whether the item is an operating activity (OA), investing activity (IA), 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, 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? V. Reg A Reg B to E Record the transactions in a horizontal statements model. In the Cash Flow column, indicate whether the item is an operating activity (OA), in 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 Liabilities Stockholders' Equity Revenue Expense - Net Income Common PIC in Stock Excess Assets Event Cash Flow Cash March 1 May 2 110,500 451.000 = + FA FA Req B to E > Complete this question by entering your answers in the tabs below. Req A Reg 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 583 Iron would report for pald-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 b. Common stock c. Paid-in capital in excess of par d Total paid-in capital Total assets