Newly formed S&J Iron Corporation has 182,000 shares of $4 par common stock authorized. On March 1, Year 1, S&J Iron issued 9,000 shares of the stock for $10 per share. On May 2, the company issued an additional 17,500 shares for $19 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?