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Eastport Inc. was organized on June 5, 2018. It was authorized to issue 440,000 shares...

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Accounting

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Eastport Inc. was organized on June 5, 2018. It was authorized to issue 440,000 shares of $12 par common stock and 75,000 shares of 5 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 Inc.: 1. Issued 17,000 shares of common stock for $17 per share. 2. Issued 14,000 shares of the class A preferred stock for $30 per share. 3. Issued 52,000 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 2018 Stockholders' Equity Total Paid In Capital Total stockholders equity

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