Newly formed S&J Iron Corporation has 63,000 shares of $7 par common stock authorized. On March 1, Year 1, S&J Iron issued 9,000 shares of the stock for $12 per share. On May 2, the company issued an additional 20,500 shares for $21 per share. S&J Iron was not affected by other events during Year 1.

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?

b.	Common stock
c.	Paid-in capital in excess of par
d.	Total paid-in capital
e.	Total assets