Eastport Incorporated was organized on June $5,$ Year $1.$ It was authorized to issue $410,000$ shares of $$12$ 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 :

Issued $21,000$ shares of common stock for $$17$ per share.

Issued $8,000$ shares of the class A preferred stock for $$35$ per share.

Issued $53,000$ shares of common stock for $$20$ per share.

Required

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