Newly formed S\&J Iron Corporation has 165,000 shares of $3 par common stock authorized. On March 1, Year 1, S\&J Iron issued 11,000 shares of the stock for $10 per share. On May 2, the company issued an additional 20,500 shares for $21 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 sheet? f. Prepare journal entries to record the March 1 and May 2 transactions. Complete this question by entering your answers in the tabs below. Record the transactions in a horizontal statements model. (In the Statement of Cash Flows column, indicate whether the item is an operating a financing activity (FA). Leave blank 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 , 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? Prepare journal entries to record the March 1 and May 2 transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Journal entry worksheet Record the issuance of 11,000 shares of common stock for $10 per share. Record the issuance of 20,500 shares of common stock for $21 per share. Note: Enter debits before credits. Note: Enter debits before credits