Eastport Incorporated was organized on June 5, Year 1. It was authorized to issue 410,000 shares of $10 par common stock and 40,000 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 $15 per share. Issued 13,000 shares of the class A preferred stock for $35 per share. Issued 56,000 shares of common stock for $18 per share. Required Prepare the stockholders equity section of the balance sheet immediately after these transactions have been recognized