Eastport Inc. was organized on June 5, Year 1. It was authorized to issue 330,000 shares of $11 par common stock and 40,000 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 16,000 shares of common stock for $16 per share. 2. Issued 9,000 shares of the class A preferred stock for $25 per share, 3. Issued 48,000 shares of common stock for $19 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.) View transaction list Journal entry worksheet Issued 48,000 shares of common stock for $19 per share Note: Enter debits before credits Credit Event 3 Debit 912.000 General Journal feash Common stock Paid-in capital in excess of por. CS b. Prepare the stockholders' equity section of the balance sheet immediately after these transactions. Stockholders' equity Common stock Preferred stock Paid-in capital in excess of par, CS Total stockholders' equity $ 0