Eastport Incoporated was organized on June $5,$ Year $1.$ It was authorized to issue $300,000$ shares of $$10$ par common stock and $50,000$ shares of $5$ percent cumulative class A preferred stock. The class A stock had a stated value of $$50$ per share. The following stock transactions pertain to Eastport Incoporated:

Issued $15,000$ shares of common stock for $$12$ per share.

Issued $5,000$ shares of the class A preferred stock for $$51$ per share.

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 have been recognized.