6 8 points eBook Hi Eastport Incorporated was organized on June 5, Year 1. It was authorized to issue 300,000 shares of $10 par common stock and 50,000 shares of 5 percent cumulative class A preferred stock. The class A stock had a stated value of $50 per share. The following stock transactions pertain to Eastport Incorporated a. Issued 15,000 shares of common stock for $12 per share. b. Issued 5,000 shares of the class A preferred stock for $51 per share c. Issued 60,000 shares of common stock for $15 per share. Required Prepare the stockholders' equity section of the balance sheet immediately after these transactions. EASTPORT INCORPORATED Balance Sheet (partial) For the Year Ended Year 11 Print Stockholders' Equity References Total Paid-In Capital $ 0 Total stockholders' equity $ 0 Next > Save & Ext Sub Check my work