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 2nd, 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 $

Determine the amount Kristoff would report for common stock on December 31,2018.

Determine the amount Kristoff would report for paid-in capital in excess of par.

What is the total amount of capital distributed by the owners

What amount of total assets would Kristoff report on the December 21,2018 balance sheet

Common Stock XXX

Paid in Capital in excess of par XXX

Total Paid-in Capital XXX

Total Assets XXX