Eastport Inc. was organized on June 5, Year 1. It was authorized to issue 500.000 shares of $9 par common stock and 75,000 shares of 4 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 18,000 shares of common stock for $14 per share 2. Issued 9,000 shares of the class A preferred stock for $35 per share. 3. Issued 43,000 shares of common stock for $17 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 Journal entry worksheet 1 3 > Issued 18,000 shares of common stock for $14 per share. Note: Enter debits before credits. Event General Journal Debit Credit 1 Record entry Clear entry View general joumal b. Prepare the stockholders' equity section of the balance sheet Immediately after these transactions. Stockholders' equity Total stockholders' equity