Packet 21 & 22 Homework 1 0 Newly formed S&J on Corporation has 109.000 shares of $3 par common stock authorized. On March 1, Year 1,5&J on sued 8.500 shares of the stock for $12 per share On May 2. the company issued an additional 19,000 shares for $21 per share 55 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 tem is an operating activity (OA) investing activity (A), or financing activity (FA) on 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 e. Determine the amount S&J leon 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. Help Save & Exit Sub RA Record the transactions in a horizontal statements model, In the Cash Flow colune, indicate whether the item is an operating activity (OAL investing activity (A) or financing activity (FA). It an clement was not affected by the event, leave the cell blank Event March 1 May 2 SAJ IRON CORPORATION Balance Sheet Income Matment Aut Labtes Cash Common Stack Stockholders' Equity PIC Excess Revenue CaFire 100.000 Regto >