Newly formed S&J Iron Corporation hos 50,000 shares of $10 par common stock authorized. On March 1, Year 1, S&J Iron issued 6,000 shares of the stock for $16 per share. On May 2, the company issued an additional 10,000 shares for $18 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 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? Req A Req B to E Record the transactions in a horizontal statements model. (In the Statement of Cash Flows column, indicate whether the item is an operatin financing activity (FA). Not all cells in the "Statement of Cash Flows" column may require an input leave cells blank if there is no correspon S&J IRON CORPORATION Horizontal Statements Model Income Statement Balance Sheet + Statement of Cash Flows Assets Liabilities Stockholders' Equity Revenue Net Income Exponse Event Cash Common Stock PIC in Excess March 1 May 2 ROGA Req B to E> 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 S8J Iron report on the December 31, Year 1, balance sheet? Show less b. Common stock c. Pald-in capital in excess of par d. Total paid-in capital 0. Total assets