Eastport Incorporated was organized on June $5,$ Year $1.$ It was authorized to issue $500,000$ shares of $$8$ par common stock and

$55,000$ 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 :

Issued $20,000$ shares of common stock for $$13$ per share.

Issued $10,000$ shares of the class A preferred stock for $$30$ per share.

Issued $58,000$ shares of common stock for $$16$ per share.

Required

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