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Eastport inc was organized on June 5. Year 1. It was authorized to issue 490,000 shares of $11 par common stock and 65,000 shares of

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Eastport inc was organized on June 5. Year 1. It was authorized to issue 490,000 shares of $11 par common stock and 65,000 shares of 5 percent cumulative class A preferred stock. The class A stock had a stated value of $25 per share. The following stock transactions pertain to Eastport inc: 1. Issued 20,000 shares of common stock for $16 per share. 2. Issued 6,000 shares of the class A preferred stock for $30 per share 3. Issued 50,000 shares of common stock for $19 per share Required Prepare the stockholders' equify section of the baiance sheet immediately after these transactions have been recognized

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