Eastport Inc. was organized on June 5, Year 1. It was authorized to issue 370,000 shares of $11 par common stock and 55,000 shares of 4 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 24,000 shares of common stock for $16 per share. 2. Issued 13,000 shares of the class A preferred stock for $30 per share. 3. Issued 40,000 shares of common stock for $19 per share. Required a. Prepare general journal entries for these transactions. (if no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet No Event General Journal Debit Credit Cash 384,000 Common stock Paid-in capital in excess of par, CS 264,000 120,000 390,000 Cash Preferred stock Paid-in capital in excess of SV, PS 325.000 65,000 3 760,000 Cash Common stock Paid-in capital in excess of par, CS 440,000 320.000 b. Prepare the stockholders' equity section of the balance sheet immediately after these transactions. Stockholders' equity Total stockholders' equity