Eastport Inc. was organized on June 5, Year 1. It was authorized to issue 460,000 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 19,000 shares of common stock for $14 per share.
2. Issued 10,000 shares of the class A preferred stock for $25 per share.
3. Issued 54,000 shares of common stock for $17 per share.

. 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.)

a: Issued 19,000 shares of common stock for $14 per share.

b: Issued 10,000 shares of the class A preferred stock for $25 per share.

c: Issued 54,000 shares of common stock for $17 per share.

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

Stockholders equity
Total stockholders equity	$0