Exercise 11-9A Recording and reporting common and preferred stock transactions LO 11-4 Eastport Inc. was organized on June 5, Year 1. It was authorized to issue 300,000 shares of $10 par common stock and 55,000 shares of 4 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 Inc.: Mesued 21,000 shares of common stock for $15 per share 2. Issued 14,000 shares of the class A preferred stock for $35 per share 3. Issued 46,000 shares of common stock for $18 per share Required a. 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.) b. Prepare the stockholders' equity section of the balance sheet immediately after these transactions Stockholders' equity Total stockholders' equity $ 0