specifically "paid in capital in excess of par, CS"

13 Problem: Module 3 Textbook Problem 13 Learning Objectives: . 3-11 Differentiate between common and preferred stock 3-12 Show how issuing different classes of stock affects financial statements 35 Eastpont Inc. was organited on June 5, Yeart it was authorized to issue 340.000s of $11 per common stock and 40.000 shares of 5 percent cumulative class A preferred stock. The class A stock had stated value of $25 per share. The following stock transactions pertanto Einstport Inc. 1. Issued 16,000 shares of common stock for $165 per share. 2. Issued 8.000 shares of the class A preferred stock for $30 pet share 3. Issued 45,000 shares of common stock for $19 per share Required Prepare the stockholders' equity section of the balance sheet immediately her these ansactions have been recognized EASTPORT INC For the Year End Year Story Common Pred PER GLOV, PS Paidata in co. 6000 200 000 1 911.000 Toda Capital Rated Gaming fold 1 91.000 13 of 20