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 $6,600$ shares of common stock for cash at $$26$ per share.

b$.$ Issued $2,600$ shares of common stock for cash at $$29$ per share.

$3.$ Prepare the stockholders' equity section as it should be reported on the year$-$end balance sheet. At year$-$end, the accounts reflected a profit of $$100.$