4 Eastport Inc. was organized on June 5, Year 1. It was authorized to issue 470,000 shares of $8 par common stock and 40,000 shares of 5 percent cumulative class A preferred stock. The class A stock had a stated value of $25 per share. The following stock transactions pertain to Eastport Inc.: 14.28 points 1. Issued 19,000 shares of common stock for $13 per share. 2. Issued 6,000 shares of the class A preferred stock for $30 per share. 3. Issued 44,000 shares of common stock for $16 per share. eBook Required Prepare the stockholders' equity section of the balance sheet immediately after these transactions have been recognized. Hint Print EASTPORT INC. Balance Sheet (partial) For the Year Ended Year 1 Stockholders' Equity Total Paid-In Capital $ 0 Total stockholders' equity $