Newly formed S\&J Iron Corporation has 68,000 shares of $6 par common stock authorized. On March 1, Year 1, S\&J Iron issued 10,500 shares of the stock for $11 per share. On May 2. the company issued an additional 24,500 shares for $20 per share. S\&J lron 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 Iton 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 pat. d. What is the total amount of capital contributed by the owners? e. What amount of total assets would S\&J tron report on the December 31, Year 1, balance sheet? Complete this question by entering your answers in the tabs below. Record the transactions in a horizontal statements model Noter in the Statement of Cash Ilows column, indlate whether the ltem is an operating activity (OA), liwesting activily (IA), or finanding activity (II). Not al Newly formed S\&J Iron Corporation has 68,000 shares of $6 par common stock authorized. On March 1, Year 1, S\&J Iron issued 10,500 shares of the stock for $11 per share. On May 2. the company issued an additional 24.500 shares for $20 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 I Iron would report for paid-in capital in excess of pat. d. What is the total amount of capital contributed by the owners? e. What amount of total assets would S\&J lron report on the December 31, Year 1, balance sheet? Complete this question by entering your answers in the tabs below. b. Determine the amount S\&s Iron would report for common stock on the December 31 , Year 1 , balance sheet. c. Determine the amount Sia 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 Sis lron report on the Decemben 31 , Year 1 , balance sheet