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Eastport inc. was organized on June 5, Year 1. It wis authorized to issue 470,000...

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Accounting

Eastport inc. was organized on June 5, Year 1. It wis authorized to issue 470,000 shares of $9 par common stock and 35,000 shares of $ 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:
Issued 23.000 shares of common stock for $14 per share.
Issued 8,000 shares of the class A preferred stock lor $30 per share.
Issued 48,000 shares of common stock for $17 per share.
Required
Prepare the stockholders' equily section of the balance sheet immedlately atter these transactions have been recognized.
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