Eastport Inc. was organized on June 5, Year 1 . It was authorized to issue 400,000 shares of $8 par common stock and 75,000 shares of 5 percent cumulative class A preferred stock. The class A stock had a stated value of $30 per share. The following stock transactions pertain to Eastport Inc.: 1. Issued 23,000 shares of common stock for $13 per share. 2. Issued 10,000 shares of the class A preferred stock for $35 per share. 3. Issued 57,000 shares of common stock for $16 per share. Required Prepare the stockholders' equity section of the balance sheet immediately after these transactions have been recognized. Eastport Inc. was organized on June 5, Year 1 . It was authorized to issue 400,000 shares of $8 par common stock and 75,000 shares of 5 percent cumulative class A preferred stock. The class A stock had a stated value of $30 per share. The following stock transactions pertain to Eastport Inc.: 1. Issued 23,000 shares of common stock for $13 per share. 2. Issued 10,000 shares of the class A preferred stock for $35 per share. 3. Issued 57,000 shares of common stock for $16 per share. Required Prepare the stockholders' equity section of the balance sheet immediately after these transactions have been recognized