Newly formed S&J Iron Corporation has 198,000 shares of $5 par common stock authorized. On March 1 2016, S&J Iron issued 11,000 shares of the stock for $11 per share. On May 2 the company issued an additional 22,500 shares for $21 per share. S.&J Iron was not affected by other events during 2016. Required a. Record the transactions in a horizontal statements model. In the Cash Flow column, indicate whether the Rem is an operating activity (OA), investing activity (UA), or financing activity (FA). Use NA to ind cate that an element was not affected by the event Balance Sheet Income Statement Cash Flow Liabilities Stockholders' Equity PIC in Revenue Expense = Net Income Assets Cash Common Event March 1 May 2 b. Determine the amount S&J Iron would report for common stock on the December 31, 2016, balance sheet c. Determine the amount S8J Iron would report for paid-in capital in excess of par