Newly formed S&J Iron Corporation has 136,000 shares of $4 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 20,000 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 Cash Flow column, Indicate whether the item is an operating activity toA), 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 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? Complete this question by entering your answers in the tabs below. RA Reg otot 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 fina activity (FA). If an element was not affected by the event, leave the cell blank S&J IRON CORPORATION Hortional Statement Model Balance Sheet Income Statement Assets - Liabilities Stockholders' Equity Revenue Expense Cash Common PIC in Stock Excess 104,500 52,250 52.250 400,0001 - Net Income Cash Flow Event March 1 May 2 104,500 104,500 Regtet > Required a. Record the transactions in a horizontal statements model. In the Cash Flow column, indicate whether the item is an oper activity (OA), investing activity (IA), or financing activity (FA). If an element was not affected by the event, leave the cell bl. 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? Complete this question by entering your answers in the tabs below. ReqA Req B to E b. Determine the amount 58) Iron would report for common stock on the December 31, Year 1, balance sheet. c. Determine the amount S&J 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 e. Total assets