Newly formed S&J Iron Corporation has 154,000 shares of $4 par common stock authorized. On March 1, Year 1, S&J Iron issued 10,000 shares of the stock for $10 per share. On May 2, the company issued an additional 19,000 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. 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 sheep? f. Prepare journal entries to record the March 1 and May 2 transactions. Complete this question by entering your answers in the tabs below. Req A Req B to E Reg F Record the transactions in a horizontal statements model. (In the Statement of Cash Flows column, indicate whether the item is an operating activity (OA), investing activ financing activity (FA). Leave blank to indicate that an element was not affected by the event.) S&J IRON CORPORATION Horizontal Financial Statements Model Balance Sheet Income Statement Assets Liabilities Event Cash Stockholders' Equity Common Paid in Capital Stock Statement of Cash Revenue Expense Net Income Flows in Excess March 11 May 2 Regte > Req A Req B to E Req F b. Determine the amount S&J Iron would report for common sta c. Determine the amount S&J Iron would report for paid-in capit 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 De b. Common stock Paid-in capital in excess of par C. d. Total paid-in capital e. Total assets Req A Req B to E Req F Prepare journal entries to record the March 1 and May 2 transactions. (If no entry is required for a trai entry required" in the first account field.) View transaction list Journal entry worksheet < 1 2 Record the issuance of 10,000 shares of common stock for $10 per share. Note: Enter debits before credits. Date March 01 General Journal Debit Credit Record entry Clear entry View general journal