1 Homework Saved Help Save & Exit Submit Check my work Newly formed S&J Iron Corporation has 55,000 shares of $3 par common stock authorized. On March 1, Year 1. S&J Iron issued 11,500 shares of the stock for $10 per share. On May 2, the company issued an additional 16,000 shares for $18 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. Req A Req B to E D b. Determine the amount 583 Iron would report for common stock on the December 31, Year 1, balance sheet. c. Determine the amount 583 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? Show less A