Newly formed S&J Iron Corporation has 129,000 shares of $3 par common stock authorized. On March 1, 2018, S&J Iron issued 8,500 shares of the stock for $10 per share. On May 2, the company issued an additional 18,000 shares for $20 per share. S&J Iron was not affected by other events during 2018.

Required:

Record the transactions in a horizontal statements model like the following one. In the Cash Flow column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA). Use NA to indicate that an element was not affected by the event.

Determine the amount S&J Iron would report for common stock on the December 31, 2018, balance sheet.

Determine the amount S&J Iron would report for paid-in capital in excess of par.

What is the total amount of capital contributed by the owners?

What amount of total assets would S&J Iron report on the December 31, 2018, balance sheet?

Complete this question by entering your answers in the tabs below Req A Req 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), investing activity (IA), or financing activity (FA). Use NA to indicate that an element was not affected by the event. S&J IRON CORPORATION Horizontal Statements Model Balance Sheet Income Statement Assets Liabilities Revenue Stockholders' Equity Common+ Expense Net Income Cash Flow PIC in Excess Event | Cash | March 1 May 2 Stock