Eastport Inc. was organized on June 5, Year 1. It was authorized to issue 440,000 shares of $12 par common stock and 35,000 shares of 5 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 $17 per share. 2. Issued 8,000 shares of the class A preferred stock for $35 per share. 3. Issued 60,000 shares of common stock for $20 per share. Required Prepare the stockholders' equity section of the balance sheet immediately after these transactions have been recognized. EASTPORT INC. Balance Sheet (partial) For the Year Ended Year 1 Stockholders' Equity Total Paid-in Capital Total stockholders' equity