Eastport Inc. was organized on June 5, 2018. It was authorized to issue 450,000 shares of $8 par common stock and 45,000 shares of 5 percent cumulative class A preferred stock. The class A stock had a stated value of $25 per share. The following stock transactions pertain to Eastport Inc 1. Issued 24,000 shares of common stock for $13 per share. 2. Issued 7,000 shares of the class A preferred stock for $30 per share. 3. Issued 45,000 shares of common stock for $16 per share