b. Prepare the stockholders' equity section of the balance sheet immediately after these transactions. Stockholders' equity Total stockholders' equity Exercise 11-9A Recording and reporting common and preferred stock transactions LO 11-4 Eastport Inc. was organized on June 5, Year 1. It was authorized to Issue 450,000 shares of $8 par common stock and 40,000 shares of 4 percent cumulative class A preferred stock. The class A stock had a stated value of $20 per share. The following stock transactions pertain to Eastport Inc.: 1. Issued 16,000 shares of common stock for $13 per share. 2. Issued 9,000 shares of the class A preferred stock for $25 per share. 3. Issued 50,000 shares of common stock for $16 per share