Newly formed S&J Iron Corporation has 92,000 shares of $6 par common stock authorized. On March 1, Year 1. S&J Iron issued 10,000 shares of the stock for $11 per share. On May 2, the company issued an additional 21,500 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. 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. Red A Reg B to E Record the transactions in a horizontal statements model. (In the Statement of Cash Flows column, indicate whether the iter financing activity (FA). Not all cells require input.) S&J IRON CORPORATION Horizontal Statements Model Balance Sheet Income Statement Assets Liabilities + Stockholders' Equity Revenue State Expense = Net Income Event Cash Common Stock PIC in Excess March 1 T May 2 + Newly formed S&J Iron Corporation has 92,000 shares of $6 par common stock authorized on March 1, Year 1, S&J Iron issued 10,000 shares of the stock for $11 per share. On May 2, the company issued an additional 21,500 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 modeli 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 Reg 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 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? Show less b. Common stock c. Pald-in capital in excess of pat d Total paid in capital 0 Total assets