Eastport Inc. was organized on June 5, 2018. It was authorized to issue 420,000 shares of $12 par common stock and 55,000 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 17,000 shares of common stock for $17 per share.
2. Issued 11,000 shares of the class A preferred stock for $30 per share.
3. Issued 44,000 shares of common stock for $20 per share.