Eastport Incorporated was organized on June 5, Year 1. It was authorized to issue 390,000 shares of $8 par common stock and 35,000 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: Issued 19,000 shares of common stock for $13 per share. Issued 6,000 shares of the class A preferred stock for $30 per share. Issued 60,000 shares of common stock for $16 per share.

Required Prepare the stockholders equity section of the balance sheet immediately after these transactions.