Exercise 11-9A (Algo) Recording and reporting common and preferred stock transactions LO 11.4 Eastport incorporated was organized on June 5, Year 1 It was authorized to issue 350,000 shares of $10 par common stock and 60,000 shares of 5 percent cumulative class A preferred stock. The class A stock had a stated value of $25 per share. The followin. stock transactions pertain to Eastport incorporated: a. Issued 20.000 shares of common stock for $15 per share. b. Issued 6,000 shares of the class A preferred stock for $30 per share. c. Issued 47,000 shares of common stock for $18 per share: Required Prepare the stockholders' equity section of the balance sheet immediately after these transactions: Prepare the stockholders' equity section of the balance sheet immediately after these transactions