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Eastport Incorporated was organized on June 5, Year 1. It was authorized to issue 500,000 shares of $11 par common stock and 55.000 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 23,000 shares of common stock for $16 per share. 2. Issued 5,000 shares of the class A preferred stock for $30 per share. 3. Issued 59,000 shares of common stock for $19 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 Credit Debit 368,000 A General Journal Cash Paid-in capital in excess of par value-common stock 1 150.000 Weaver Corporation had the following stock issued and outstanding at January 1, Year 1: 1. 94,000 shares of $12 par common stock. 2.6,000 shares of $120 par, 6 percent, noncumulative preferred stock On June 10, Weaver Corporation declared the annual cash dividend on its 6.000 shares of preferred stock and a $2 per share dividend for the common shareholders. The dividends will be paid on July 1 to the shareholders of record on June 20. Required a. Determine the total amount of dividends to be paid to the preferred shareholders and common shareholders. b. Prepare general journal entries to record the declaration and payment of the cash dividends. Complete this question by entering your answers in the tabs below. Required A Required B Prepare general journal entries to record the declaration and payment of the cash dividends. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.)