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Newly formed S&J Iron Corporation has 196,000 shares of $5 pot common stock authorized. On Mardi 1 Year 1.5&tion issued 9.500 shares of the stock for $12 per share. On May 2. the company issued an additional 21000 shares for $20 per share. Se Iron was not affected by other events during Year 1 Required o. 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 blonk. b. Determine the amount S&J bron would report for common stock on the December 21. Year 1. balance sheet c. Determine the amount S&J Iron woulCreport 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? Red A Reg 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 activity (IA), or financing activity (FA). Il an clement was not affected by the event, leave the ce blank S&J IRON CORPORATION Hortzontal Statements Modal Balance Sheet Income Statement Liabilities Stockholders'Equity Revenue Expense Common Pic in Stock Excess Assets Net Income Cash Flow Event Cash + March 1 May 2 Reg to E3 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 Tron 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 580 Iron report on the December 31, Year 1, balance sheet? Show less bCommon stock c. Paid in capital in excess of par d. Total paid-in capital e. Total assets

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