Newly formed S&J Iron Corporation has 99.000 shares of $4 par common stock authorized on March 1, Yeat 1 58) tron issued 11.500 shares of the stock for $12 per share. On May 2, the company issued an additional 18.500 shares for $21 per share, S&J lion 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 pat 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 Yeart, balance sheet? Complete this question by entering your answers in the tabs below. Reg Meto Record the transactions in a horizontal statements model (In the Statement of Cash Flows column, indicate whether the item is an operating activity (OA), investing activity (1) nang diivity (FA). Not all cells require inout.) SIJIRON CORPORATION Horizontal Statements Model Balance Sheet incere Statement Assets Statement of Cash Les Stockholders' Equity Revenue Expense Net Income Fious Event Cash Common PIC in Stock Excess Mach 1 May 2 RABE Complete this question by entering your answers in the tabs below. Reg A Red B to E b. Determine the amount 58) Iron would report for common stock on the December 31, Year 1, balance sheet. c. Determine the amount 58) 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 Paid-in capital in excess of par d. Total paid-in capital e Total assets