Please help solve Eastport Inc. was organized on June 5, 2018. It...
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Eastport Inc. was organized on June 5, 2018. It was authorized to issue 480,000 shares of $8 par common stock and 70,000 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 17,000 shares of common stock for $13 per share 2. Issued 13,000 shares of the class A preferred stock for $35 per share. 3. Issued 49,000 shares of common stock for $16 per share. Required: Prepare the stockholders' equity section of the balance sheet immediately after these transactions have been recognized
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