Directions: Complete the accounting equation and problems below based off the information and transactions provided Background Information: Kristof was is newly formed, has 60,000 shares of $15 par common stock authorized. March 1, 2018 Kristoff issued 7,000 shares of stock for $18 per share May 2, 2018 an additional 12,000 shares at $20 per share were issued A) Complete the accounting equation Kristof Accounting Equation Balance Sheet Income Statement Event Assets Liabilities Stockholders Equity Cash + Common Stock PIC in Excess Revenue Expense = Net Income 1-Mar 105,000 2-May 180,000 Total $ $ 285,000 $ a) Determine the amount Kristoff would report for common stock on December 31,2018. b) Determine the amount Kristoff would report for paid-in capital in excess of par. c) What is the total amount of capital distributed by the owners? d) What amount of total assets would Kristoff report on the December 21,2018 balance sheet? 2050 Common Stock Paid in Capital in excess of par Total Paid-in Capital Total Assets