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Newly formed S\&J Iron Corporation has 142,000 shares of $4 par common stock authorized. On March 1, Year 1, S\&J Iron issued 9,500 shares of the stock for $11 per share. On May 2, the company issued an additional 17,500 shares for $20 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 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. Record the transactions in a horizontal statements model. Note: In the Statement of Cash Flows column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing NeWly formed S\&J Iron Corporation has 142,000 shares of $4 par common stock authorized. On March 1, Year 1, S\&J Iron issued 9,500 shares of the stock for $11 per share. On May 2, the company issued an additional 17,500 shares for $20 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 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. b. Determine the amount S\&U 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 S\&J Iron report on the December 31 , Year 1 , balance sheet

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