please help!
lewly formed S&J Iron Corporation has 70,000 shares of $4 par common stock authorized. On March 1, 2018, S&J Iron issued 10,000 hares of the stock for $11 per share. On May 2, the company issued an additional 20,500 shares for $22 per share. S&J Iron was not ffected by other events during 2018 equired: 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). If an element was not affected by the event, leave the cell blank. Determine the amount S&J Iron would report for common stock on the December 31, 2018, balance sheet. Determine the amount S&J Iron would report for paid in capital in excess of par. What is the total amount of capital contributed by the owners? What amount of total assets would S&J Iron report on the December 31, 2018, balance sheet? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Req A Req B to E Record the transactions in a horizontal statements model. In the Cash Flow column, indicate whether the item is an operating activity (OA), investing a activity (FA). If an element was not affected by the event, leave the cell blank. Income Statement Not Assets - Expense Cash Flow S&J IRON CORPORATION Horizontal Statements Model Balance Sheet Liabilities + Stockholders' Equity Revenue Common PIC in Stock Excess 55,000 66,000 82.500 247,500 Income Event Cash March 121,000 330,000 121,000 330,000 FAO FAO May 2 - Prev 1 of 4 !!! Next > Required: a. Record the transactions in a horizontal statements model. In the Cash Flow column, indicate whether the item is an oper activity (OA), investing activity (A), or financing activity (FA). If an element was not affected by the event, leave the cell bli b. Determine the amount S&J Iron would report for common stock on the December 31, 2018, 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, 2018, balance sheet? Answer is complete but not entirely correct. 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, 2018, 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, 2018, balance sheet? Show less Common stock Paid-in capital in excess of par Total paid-in capital Total assets $ 137,500 $313,500 $ 451,000 $451,000 d. ( Req A
