Eastport Incorporated was organized on June 5, Year 1. It was authorized to issue 380,000 shares of $8 par common stock and 50,000 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 : 1. Issued 20,000 shares of common stock for $13 per share. 2. Issued 10,000 shares of the class A preferred stock for $30 per share. 3. Issued 53,000 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