Newly formed S&J Iron Corporation has 174,000 shares of $5 par common stock authorized. On March 1, Year 1, S&J Iron issued 11,000 shares of the stock for $12 per share. On May 2, the company issued an additional 15,000 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. (In the Statement of Cash Flows column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA). Not all cells in the "Statement of Cash Flows" column may require an input - leave cells blank if there is no corresponding input needed.) 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. Reg A Req B to E Record the transactions in a horizontal statements model. (In the Statement of Cash Flows column, indicate whether the item is an operatin (IA), or financing activity (FA). Not all cells in the "Statement of Cash Flows" column may require an input - leave cells blank if there is no c S&J IRON CORPORATION Horizontal Statements Model Balance Sheet Income Statement Liabilities Stockholders' Equity Revenue - Expense = Net Income = + Income Statement of Cash Flows Event Cash Common Stock PIC in Excess + March 1 May 2 + Complete this question by entering your answers in the tabs below. Reqa Req B to E b. Determine the amount 583 Iron would report for common stock on the December 31, Year 1, balance sheet. c. Determine the amount 583 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? Show less b. Common stock c. Paid-in capital in excess of par d. Total paid-in capital e. Total assets