Eastport Incorporated was organized on June 5, Year 1. It was authorized to issue 420,000 shares of $9 par common stock and 45,000 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 22,000 shares of common stock for $14 per share. 2. Issued 11,000 shares of the class A preferred stock for $30 per share. 3. Issued 53,000 shares of common stock for $17 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. Complete this question by entering your answers in the tabs below. 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 View journal entry worksheet No Event 1 Cash General Journal www. Alaut Debit Credit 308,000