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Eastport Inc. was organtzed on June 5, Year 1. It was authonzed to Issue 300,000 shares of $10 par common stock and 50,000 shares of

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Eastport Inc. was organtzed on June 5, Year 1. It was authonzed to Issue 300,000 shares of $10 par common stock and 50,000 shares of 5 percent cumulative class A preferred stock. The dass A stock had a stated value of $50 per share. The following stock transactions pertain to Eastport Inc 1. Issued 15,000 shares of common stock for $12 per share 2 Issued 5,000 shares of the class A preferred stock for $51 per share 3. Issued 60,000 shares of common stock for $15 per share, Required Prepare the stockholders' equity section of the balance sheet immediately after these transactions int CASTPORT INC Balance Sheets For the Year Ended Yeart Stodvolders Equity Print Tol Paldin Capit Totatowy

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