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Eastport Incorporated was organized on June 5 , Year 1 . It was authorized to issue 3 4 0 , 0 0 0 shares of

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Eastport Incorporated was organized on June 5, Year 1. It was authorized to issue 340,000 shares of $9 par common stock and 70,000
shares of 5 percent cumulative class A preferred stock. The class A stock had a stated value of $30 per share. The following stock
transactions pertain to Eastport Incorporated:
a. Issued 18,000 shares of common stock for $14 per share.
b. Issued 6,000 shares of the class A preferred stock for $35 per share.
c. Issued 57,000 shares of common stock for $17 per share.
Required
Prepare the stockholders' equity section of the balance sheet immediately after these transactions.
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