Check my work 12 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: Part 3 of 3 a. Issued 6,400 shares of common stock for cash at $24 per share. b. Issued 2,400 shares of common stock for cash at $27 per share. 1 points 3. Prepare the stockholders' equity section as it should be reported on the year-end balance sheet. At year-end, the accounts reflected net income of $200. eBook Hint Print References INCENTIVE CORPORATION Balance Sheet (Partial) At December 31 Stockholders' Equity Contributed Capital: Additional Paid-in Capital, Common Stock Common Stock Total Contributed Capital 0 Total Stockholders' Equity S Mc Graw