Aequired information yeac, the following selected tantactions were completed A ksued 6.000 shares of common stock for cash at $20 per share. b lssued 2,000 thares of common stock for cash at $23 per thate. Dequired: decreaces to accouns balooces wath a monas sign) Required information [The following information apples to the questions dxplibed below] Incentve Corporation was authortzed to issue 12,000 shates of common stock, esch wth a $1 par value. During its first yeat, the following selected transactions were completed a Issued 6,000 shares of common stock for cash at $20 per share. b. Issued 2,000 shares of common stock for cash at $23 per share. 2. Prepare the joumal entry required for each of these transactions, fif no entry is requited for a transaction/event, select "No Journal Entry Required" in the first account field) Journal entry worksheet Record the issuance of 6,000 shares of commen stock with a par value $1 for $ price of $20 per share. wotel enter debts befner verti. Required Information [The followng information applies to the questions displayed below.] Incentive Corporation was authonized to issue 12,000 shares of common stock, each wht a $1 par value. During its first year, the following selected transactions were completed: a. Issued 6,000 shares of common stock for cash at $20 per share. b. Isfued 2,000 shares of common stock for cash at $23 per share. Prepare the stockholders' equity section as it should be reported on the year-end balance sheet. At year-end, the accounts refiected a profit of $100 Requitred information [The following information applies to the questions clisplayed below] Incentive Corporation was authorzed to issue 12.000 shares of common stock, each wth a \$1 par value. During its first year, the following selected transactions were completed: a. Issued 6,000 shares of common stock for cach at $20 per share b. issued 2,000 shares of common stock for cash at $23 per share. Incentive Corporation has $30,000 in the company/s bank account. At year-end, the accounts reflected a profit of sioo what is the maximum amount of cash dividends the company can declare and distribute