Newly formed S&J tron Corporation has 103,000 shares of $4 par common stock authorized. On March 1. Year 1, S&J Iron issued 11,500 shares of the stock for $11 per share. On May 2, the company issued an additional 16,500 shares for $21 per share. S&J Iron was not affected by other events during Year 1. Required a. Record the transactions in a horizontal statements modet. In the Cash Flow column, indicate whether the item is an operating activity (OA). Investing activity (IA), or financing activity (FA). Use NA to indicate that an element was not affected by the event. Balance Sheet Liabitis Stockholders' Equity Common PIC In Stock Excess Income Statement Expense Revenue Net Income Annet Cash Cash Flow Evem March May 2 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? b. G. Common stock Paid-in capital in excess of par Total paid in capital Total assets d 1. Prepare journal entries to record the March 1 and May 2 transactions of no entry is required for a transaction/event, select "No 1. Prepare journal entries to record the Marchand May 2 transactions. If no entry is required for a transaction/event, select "No Journal entry required in the first account field.) View transactionist Journal entry worksheet 2 > Record the issue of common stock Now en beheer General Journal Deti Crec Date March 03 Record entry Clear ary View general Journal