Newly formed S\&J Iron Corporation has 132,000 shares of $6 par common stock authorized, On March 1, Year 1 , S\&J Iron issued 9.500 shares of the stock for $11 per share. On May 2, the company issued an additional 20.500 shares for $20 per share. S\&J iron was not affected by other events during Year 1. Required o. Record the transactions in a horizontal statements model. b. Determlne the amount S\&J lron would report for common stock on the December 31, Year 1, balance sheet. c. Determine the amount S\&. Iron would report for paid-in capital in excess of par. d. What is the total amount of copital contributed by the owners? e. What amount of total assets would S\&J Iron report on the December 31, Year 1, balance sheet? f. Prepare journal entries to record the March 1 and May 2 transactions