Eastport Inc. was organized on June 5, 2018. It was authorized to issue 430,000 shares of $12 par common stock and 40,000 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 21,000 shares of common stock for $17 per share 2 Issued 5,000 shares of the class A preferred stock for $30 per share. 3. Issued 57,000 shares of common stock for $20 per share