statement of cash flows for Astro Corporation's 2016 fiscal year Exercise 11-4A Effect of issuing common stock on the balance sheet Newly formed S&J Iron Corporation has 50,000 shares of $10 par common stoc On March 1, 2016, S&J Iron issued 6,000 shares of the stock for $16 per share. company issued an additional 10,000 shares for S18 per share. S&J Iron was not a other events during 2016. On May 2 the Required a. Record the transactions in a horizontal statements model like the following one. Flow column, indicate whether the item is an operating activity (OA), investing or financing activity (FA). Use NA to indicate that an element was not affected by In the Cash Assets = Liab. + Equity Rev.- Exp. = Net Inc. | Cash Flow Cash = Com. Stk. PIC in Excess