5 rt 2 of 3 00:40 Required information [The following information applies to the questions displayed below] Incentive Corporation was authorized to issue 12,000 shares of common stock, each with a $2 par value. During its first year, the following selected transactions were completed: a. Issued 5,000 shares of common stock for cash at $20 per share. b. Issued 1,000 shares of common stock for cash at $23 per share. 10 Book 3. Prepare the stockholders' equity section as it should be reported on the year-end balance sheet. At year-end, the accounts reflected a profit of $300, Contributed Capital INCENTIVE CORPORATION Balence Sheet (Partial) At December 31 Stockholders' Equity Total Contributed Capital Total Stockholders' Equity