E11-2 Reporting Stockholders Equity and Determining Dividend Policy CLO 11-2, LO 11-3] IThe 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 5,800 shares of common stock for cash at $18 per share. b. Issued 1,800 shares of common stock for cash at $21 per share. References Section Break E11-2 Reporting Stockholders Equity and Determining Dividend Policy ILO 2, LO 11-3 0.37 points E11-2 Part 1 Required: 1. Complete the table below, indicating the account, amount, and direction of the effect for the above transactions. (Enter any decreases to account balances with a minus sign.) Liabilities Assets Stockholders' Equity