Eastport Inc. was organized on June 5. Year 1. It was authorized to issue 360,000 shares of $10 par common stock and 45,000 shares of 5 percent cumulative class A preferred stock. The class A stock had a stated value of $20 per share. The following stock transactions pertain to Eastport inc 1. Issued 17,000 shares of common stock for $15 per share 2. Issued 11,000 shares of the class A preferred stock for $25 per share 3. Issued 41,000 shares of common stock for $18 per share. EASTPORT INC. Balance Sheet (partial) For the Year Ended Year 1 Stockholders' Equity Total Paid-In Capital Total stockholders' equity