Newly formed S&J Iron Corporation has 171,000 shares of $3 par common stock authorized on March 1, Year 1, S&J Iron issued 9,000 shares of the stock for $13 per share on May 2, the company issued an additional 18,500 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 sheet? ht Complete this question by entering your answers in the tabs below. Reg A Reg 8 tot Record the transactions in a horizontal statements model. (In the Statement of Cash Flows column, indicate whether the item is an operating act! financing activity (FA), Not all cells require input.) 58J IRON CORPORATION Horizontal Statements Model Balance Sheet Income Statement Expense - Net Income Statement of Cash Flows Assets Liabilities Revenue Event Stockholders' Equity Common Pic in Stock Excess Cash March 1 May 2 + REGA Req B to E> Req A Reg B to E b. Determine the amount S& 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 58 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 pald-in capital e. Total assets