Newly formed S&J Iron Corporation has 88,000 shares of $4 par common stock authorized. On March 1, Year 1, S&J Iron issued 10,500 shares of the stock for $12 per share. On May 2, the company issued an additional 19,000 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). Use NA to indicate that an element was not affected by the event. Income Statement - Expense = Net Income Assets Balance Sheet Liabilities + Stockholders' Equity Common PIC in * Stock Excess = Revenue Cash Flow Event Cash March 1 May 2