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Eastport Inc, was organized on June 5. Year 1. It was authorized to issue 410,000 shares of $10 par common stock and 30,000 shares of

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Eastport Inc, was organized on June 5. Year 1. It was authorized to issue 410,000 shares of $10 par common stock and 30,000 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 18,000 shares of common stock for $15 per share 2. Issued 9,000 shares of the class A preferred stock for $30 per share. 3. Issued 53,000 shares of common stock for $18 per share. Required Prepare the stockholders' equity section of the balance sheet immediately after these transactions have been recognized

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