Eastport Incorporated was organized on June $5,$ Year $1.$ It was authorized to issue $350,000$ shares of $$12$ par common stock and $50,000$ shares of $5$ percent cumulative class A preferred stock. The class A stock had a stated value of $$20$ per share. The following stock transactions pertain to Eastport Incorporated :

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

Issued $7,000$ shares of the class A preferred stock for $$25$ per share.

Issued $44,000$ shares of common stock for $$20$ per share.