Eastport Inc. was organized on June 5, Year 1. It was authorized to issue 390,000 shares of $9 par common stock and 45,000 shares of 4 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 25,000 shares of common stock for $14 per share.
2. Issued 5,000 shares of the class A preferred stock for $25 per share.
3. Issued 52,000 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.)

event	general journal	debit	credit

b. Prepare the stockholders equity section of the balance sheet immediately after these transactions.

stock holders equity
total stock holders equity	$