Return 1 Newly formed S&J Iron Corporation has 68,000 shares of $5 par common stock outhorized on March 1, Year 1, S&J Iron issued 12.000 shares of the stock for $10 per share. On May 2, the company issued an additional 18,000 shares for $22 per share. S&Jtron 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? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. 1203 Reg A Reg B to E Record the transactions in a horizontal statements model. (In the Statement of Cash Flows column, indicate whether the item is an operating activity (OA) financing activity (FA), Not all cells require input.) S&J IRON CORPORATION Horizontal Statements Model Balance Sheet Income Statement Expense Assets Liabilities Revenue Net Income Statement of Cash Flows Event Stockholders' Equity Common PIC in Stock Excess 52,500 73,500 117,500 399,500 Cash 126,000 517,000 3 March 1 May 2 . 126,000 5170003 FA FA . Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Reg A Red 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 les b Common stock $ 52,500 $ 73,500 $ 117,500 X $659,500 $ Pald-in capital in excess of par Total paid-in capital Total assets d. e