Eastport Inc. was organized on June 5, Year 1. It was authorized to issue 440,000 shares of $8 par common stock and 70,000 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.: 1. Issued 25,000 shares of common stock for $13 per share." 2. Issued 6,000 shares of the class A preferred stock for $30 per share. 3. Issued 59,000 shares of common stock for $16 per share. Required Prepare the stockholders' equity section of the balance sheet immediafely after these transactions have been recognized. EASTPORT INC. Balance Sheet (partial) For the Year Ended Yoar 1 Stockholders' Equity Total Paid-In Capital $ 0