Eastport Inc. was organized on June 5, Year 1 . It was authorized to issue 420,000 shares of $9 par common stock and 55,000 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 17,000 shares of common stock for $14 per share. 2. Issued 11,000 shares of the class A preferred stock for $35 per share. 3. Issued 41,000 shares of common stock for $17 per share. \begin{tabular}{l} EASTPORT INC. \\ Balance Sheet (partial) \\ For the Year Ended Year 1 \\ \hline Stockholders' Equity \\ \hline \\ \hline Total Paid-In Capital \\ \hline \end{tabular}