Eastport Inc. was organized on June $5,$ Year $1.$ It was authorized to issue $400,000$ shares of $$8$ par common stock and $65,000$ shares of $5$ percent cumulative class A preferred stock. The class A stock had a stated value of $$25$ per share. The following stock transactions pertain to Eastport Inc.:

Issued $25,000$ shares of common stock for $$13$ per share.

Issued $6,000$ shares of the class A preferred stock for $$30$ per share.

Issued $43,000$ 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.

$\backslash$table$[[$EASTPORT INC.$],[$Balance Sheet $($partial$)],[$Stockholders$\text{'}$ Equity Year Ended Year $1],[$Appropriated retained earnings$],[$Cash$],[$Common stock$],[$Dividends payable$]]$