Eastport Incorporated was organized on June 5, Year 1. It was authorized to Issue 440,000 shares of $11 par common stock and 50,000 shares of 4 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: 1. Issued 23,000 shares of common stock for $16 per share. 2. Issued 14,000 shares of the class A preferred stock for $35 per share. 3. Issued 47,000 shares of common stock for $19 per share. Required a. Prepare general journal entries for these transactions. b. Prepare the stockholders' equity section of the balance sheet Immediately after these transactions. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required A Required B Prepare the stockholders' equity section of the balance sheet immediately after these transactions. Stockholders' equity Preferred stock $ 420,000 770,000 Common stock Paid-in capital in excess of stated value-preferred stock Paid-in capital in excess of par value-common stock 14,000 x 281,000