c. In the third year, Incubus sold more shares for a value of $22,500, earned income of $12,500, and paid a dividend of $6,500 What would the equity section of its balance sheet show at year end? Incubus Corporation began with an investment by shareholders of $45,000. a. In its first year, its income showed a deficit of $7,500. 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.) b. In the second year, it had an income of $15,500 and a dividend of $6,500 was paid. What would the equity section of its balance sheet show at year end