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Eastport Inc. was organized on June 5, Year 1. It was authorized to issue 490,000 shares of $12 par common stock and 55,000 shares of 5 percent cumulative class A preferred stock. The class A stock had a stated value of $30 per share. The following stock transactions pertoin to Eastport inc: 1. Issued 21,000 shares of common stock for $17 per share. 2. Issued 11,000 shares of the class A preferred stock for $35 per share. 3. Issued 53,000 shares of common stock for $20 per share. Required Prepare the stockholders' equity section of the balance sheet immediately after these transactions have been recognized EASTPORT INC. Balance Sheet (partial For the Year Ended Year 1 Stockholders' Equity Preferred stock Common stock Paid-in capital in excess of SV, PS Paid-in capital in excess of par, CS $ 0 Total Paid-In Capital Retained earnings Total stockholders' equity $ 0 Weaver Corporation had the following stock issued and outstanding at Janunty 1 Year 2 1. 115,000 shares of $8 por common stock, 2. 7000 shares of $120 por 5 percent, noncumulative preferred stock On June 10, Weaver Corporation declared the annual cash dividend on its 7000 shares of preferred stock and a $3 per share dividend for the common shareholders. The dividend will be paid on July 1 to the shareholders of record on June 20 Required Determine the total amount of dividend to be paid to the preferred shareholders and common shareholders Preferred stock Common stock Total dividend Tom Yuppy, a wealthy investor, paid $33,000 for 1100 shares of $10 per common stock issued to him by Leuig Corp. A month later, Leuig Corp, issued an additional 2.200 shares of stock to Yuppy for $30 per share Required Show the effect of the two stock issues on Leuig's books in a horizontal statements model in the Cash Flow column, indicate whether the item is an operating activity (OA). Investing activity (1A), or financing activity (FA). I on element was not affected by the event leave the cell blank Income Statement LEUIG CORP Horizontal Statements Model Balance Sheet Stockholders' Equity Revenue Common PICI Land Stock Excess Expense Not Income Staument of Cash Flow Assets Event Cash . + 1 - Common stock 2 - Issue of additional shares + Elroy Corporation repurchased 3,500 shares of its own stock for $45 per share. The stock has a par of $15 per share. A month Inter Elroy resold 875 shares of the treasury stock for $53 per share. Required What is the balance of the Treasury Stock account after these transactions are recognized? Balance of treasury stock Eastport Inc. was organized on June 5 Year 1. It was authorized to issue 490,000 shares of $12 par common stock and 55,000 shares of 5 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: 1. Issued 21,000 shares of common stock for $17 per share, 2. Issued 11.000 shares of the class A preferred stock for $35 per share 3. Issued 50,000 shares of common stock for $20 per share. Required Prepare the stockholders' equity section of the balance sheet immediately after these transactions have been recognized EASTPORT INC Balance Sheet tarta) For the Year Ended Year 1 Stockholders' Equity Preferred to Commons Pad-in cinco SVPS Paid-in capital incess of par, CS 5 0 Total Paid-in Capital Retained earrings Total stockholders' equity 5 0 Weaver Corporation had the following stock issued and outstanding at January 1, Year 2: 1. 115,000 shares of $8 par common stock. 2. 7000 shares of $120 par, 5 percent, noncumulative preferred stock On June 10, Weaver Corporation declared the annual cash dividend on its 7.000 shares of preferred stock and a $3 per share dividend for the common shareholders. The dividend will be paid on July 1 to the shareholders of record on June 20 Required Determine the total amount of dividend to be paid to the preferred shareholders and common shareholders Preferred stock Common stock Total dividend . Navt 4 of R