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Eastport Inc was organized on June 5, 2018. I 5 percent cumulative class A preferred stock. The class A stock had a stated value of

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Eastport Inc was organized on June 5, 2018. I 5 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 It was authorized to issue 490,000 shares of $9 par common stock and 45,000 shares of 1 Issued 24,000 shares of common stock for $14 per share. 2 Issued 7,000 shares of the class A preferred stock for $25 per share. 3 Issued 57000 shares of common stock for $17 per share Required: Prepare the stockholders' equity section of the balance sheet immediately after these transactions have been recognized Halance Sheet (partial Stockholders Equity Total Paid-In Capital Total stockhoiders quity

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