Eastport Incorporated was organized on June 5, Year 1. It was authorized to issue 380,000 shares of $8 par common stock and 70,000 shares of 4 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 6,000 shares of the class A preferred stock for $30 per share. 3. Issued 53,000 shares of common stock for $16 per share. Required a. Prepare general journal entries for these transactions. b. Prepare the stockholders' equity section of the balance sheet immediately after these transactions. Required A Required B Prepare general journal entries for these transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet < A B C Issued 20,000 shares of common stock for $13 per share. Record the transaction. Note: Enter debits before credits. Event 1 General Journal Debit Credit Record entry Clear entry View general journal Required A Required B Prepare the stockholders' equity section of the balance sheet immediately after these transactions. Stockholders' equity Common stock Preferred stock Paid-in capital in excess of stated value-preferred stock Paid-in capital in excess of par value-common stock $ Total stockholders' equity < Required A Required