Eastport Inc. was organized on June 5, 2016. It was authorized to issue 440,000 shares of $10 par common stock and 70,000 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 18,000 shares of common stock for $15 per share. 2. Issued 15,000 shares of the class A preferred stock for $25 per share 3. Issued 47,000 shares of common stock for $18 per share. Required a. Prepare general joumal entries for these transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list 1 Issued 18,000 shares of common stock for $15 per share. Issued 15,000 shares of the class A preferred stock for $25 per share. 2 3 Issued 47,000 shares of common stock for $18 per share. Credit Note journal entry has been entered Record entry Clear entry View general journal b. Prepare the stockholders' equity section of the balance sheet immediately after these transactions. Stockholders' equity Total stockholders' equity