Eastport Inc. was organized on June 5, Year 1. It was authorized to issue 370,000 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 $30 per share. The following stock transactions pertain to Eastport Inc.: 1, Issued 2,000 shares of common stock for $14 per share. 2. Issued 8,000 shares of the class A preferred stock for $35 per share. 3. Issued 56,000 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.) View transaction list View journal entry worksheet REF No Event General Journal Dobit Credit 1 1 Cash Common stock 336.000 336,000 2 2 280.000 Cash Proforred sock 280,000 3 3 Cash Common stock 952.000 952.000 b. Prepare the stockholders' equity section of the balance sheet immediately after these transactions. es Stockholders' equity Common stock Preferred stock Common stock 24.000 280,000 Total stockholders' equity $ 304,000