Newly formed SJ Iron Corporation has 50,000 shares of 510 par common stock authorized on March 1, Year 1, S&J Iron issued 6,000 shares of the stock for $16 per share on May 2, the company issued an additionat 10,000 shares for $18 per share. S&J Iron was not affected by other events during Year 1. Required 1. Record the transactions in a horizontal statements model in the Cash Flow column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA). If an element was not affected by the event, leave the cell blank 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 pald.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? Answer is not complete Complete this question by entering your answers in the tabs below. ReA Reg to E Record the transactions in a horizontal statements model. In the Cash Flow column, indicate whether the item is an operating activity (OA), Investing activity (LA), or financing activity (FA). If an element was not affected by the event, leave the cell blank 56. IRON CORPORATION Horizontal statements Model Balance Sheet Liabilities Stockholders' Equity Revenue Common pic in Stock 60.000 30,000 100.000 30.000 Income Statement Expense Event Net Income Cash Flow March 1 May 2 0.000 90.000 130.000 100.000 FA FA Re>