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ncubus Corporation began with an investment by shareholders of $46,000. a. In its first year, its income showed a deficit of $7,600. What would the equity section of its balance sheet show at year end? (Negative answers should be indicated by a minus sign. Omit $ sign in your response.) 46 Common stock Retained earnings 7600 $38400 Total Stockholders' Equity b. In the second year, it had income of $15,600 and a dividend of $6,600 was paid. What would the equity section of its balance sheet show at year end? 46 Common stock Retained earnings 400 38400 Total Stockholders' Equity c.In the third year, Incubus sold more shares for a value of $23,000, earned income of $12,600, and paid a dividend of $6,600. What would the equity section of its balance sheet show at year end? 69000 Common stock Retained earnings 7400 $76400 Total Stockholders' Equity