Eastport inc. was organized on June 5, Year 1, it was authorized to issue 440,000 shares of $10 par common stock and 25,000 shares of 5 percent cumulative class A preferred stock. The class A stock had a stated value of $25 per share. The foliowing stock transactions pertain to Eastport Inc:: 1. Issued 22,000 shares of common stock for $15 per share. 2. Issued 8,000 shares of the class A preferred stock for $30 per share. 3. Issued 47,000 shares of common stock for $18 per share. Required Prepare the stockholders' equity section of the balance sheet immediately after these transactions have been recognized