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Eastport incorporated was organized on June 5. Year 1 . It was authorized to issue 450.000 shares of $12 par common stock and 30,000 shares

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Eastport incorporated was organized on June 5. Year 1 . It was authorized to issue 450.000 shares of $12 par common stock and 30,000 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: 0. Issued 21.000 shares of common stock for $17 per share; b. Issued 12,000 shares of the class A preferred stock for $25 per share. c. Issued 55,000 shares of common stock for $20 per share. Required Prepare the stockholders' equity section of the bolance sheet immediotely after these transactions

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