Eastport Incorporated was organized on June 5, Year 1 . It was authorized to issue 490,000 shares of $9 par common stock and 35,000 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 Incorporated: a. Issued 16,000 shares of common stock for $14 per share. b. Issued 5,000 shares of the class A preferred stock for $30 per share. c. Issued 55,000 shares of common stock for $17 per share. Required Prepare the stockholders' equity section of the balance sheet immediately after these transactions