Eastport Inc. was organized on June 5, 2016. It was authorized to issue 310,000 shares of S10 par common stock and 40,000 shares of 4 percent cumulate class A preferred stock. The class A stock had a stated value of $20 per share. The following stock transactions pertain to Eastport Inc.: Issued 22,000 shares of common stock for $15 per share. Issued 8,000 shares of the class A preferred stock for $25 per share. Issued 46,000 shares of common stock for $18 per share. Required a. Prepare general journal entries for these transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) b. Prepare the stockholders' equity section of the balance sheet immediately after these transactions