Newly formed S&J Iron Corporation has 152,000 shares of $6 par common stock authorized. On March 1, 2018, S&J Iron issued 10,000 shares of the stock for $10 per share. On May 2, the company issued an additional 24,000 shares for $20 per share. S&Jron was not affected by other events during 2018. Required a. 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. b. Determine the amount S&J Iron would report for common stock on the December 31, 2018, 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, 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 fina activity (FA). Use NA to indicate that an element was not affected by the event. S&J IRON CORPORATION Horizontal Statements Model ncome Statement RevenueExpense Net Income Balance Sheet Assets Liabilities+ Stockholders' Equity Cash Flow PIC in Excess Common+ Event March 1 May 2 Cash Stock Req A Req B to E b. Determine the amount S&J Iron would report for common stock on the December 31, 2018, balance sheet. c.Determine the amount S83 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, 2018, balance sheet? Show less b.Common stock c. Paid-in capital in excess of par d. Total paid-in capital e. Total assets