Eastport Inc. was organized on June 5, Year 1. It was authorized to issue 300,000 shares of $11 par common stock and 70,000 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 16,000 shares of common stock for $16 per share. 2. Issued 7,000 shares of the class A preferred stock for $35 per share. 3. Issued 48,000 shares of common stock for $19 per share. Required: Prepare the stockholders' equity section of the balance sheet immediately after these transactions EASTPORT INC. Balance Sheet (partial) For the Year Ended Year 1 Stockholders' Equity Total Pad-In Captal S 0 Check my work