Eastport Incorporated was organized on June $5,$ Year $1.$ It was authorized to issue $310,000$ shares of $$11$ par common stock and $40,000$ shares of $5$ percent cumulative class A preferred stock. The class A stock had a stated value of $$20$ per share. The following stock transactions pertain to Eastport Incorporated :

Issued $25,000$ shares of common stock for $$16$ per share.

Issued $9,000$ shares of the class A preferred stock for $$25$ per share.

Issued $40,000$ shares of common stock for $$19$ per share.

Required

Prepare the stockholders$$ equity section of the balance sheet immediately after these transactions have been recognized.