Newly formed S&J Iron Corporation has 78,000 shares of $7 par common stock authorized. On March 1, Year 1, S&J Iron issued 10,000 shares of the stock for $12 per share. On May 2, the company issued an additional 18,000 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. 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 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? Complete this question by entering your answers in the tabs below. Reg A Req B 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 (1A), or activity (FA). If an element was not affected by the event, leave the cell blank. S&J IRON CORPORATION Horizontal Statements Model Stockholders' Equity Balance Sheet Event Assets Cash Liabilities Common Stock March 11 120,000 Revenue Income Statement Expense Net Income Cash Flow PIC in Excess Complete this question by entering your answers in the tabs below.. Req A Req B to E Record the transactions in a horizontal statements model. In the Cash Flow column, indicate whether the item is an operating activity (OA), Investic activity (FA). If an element was not affected by the event, leave the cell blank. S&J IRON CORPORATION Horizontal Statements Model Event March 11 May 21 Assets Cash 120,000= 342,000 Balance Sheet Liabilities + Stockholders' Equity Common Stock PIC in Excess Revenue Income Statement Expense Net Income Cash Flow 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? Complete this question by entering your answers in the tabs below. Req A Req B to E 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 le Total assets Show less A