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. References Section Break E11-2 Reporting Stockholders Equity and Determining Dividend Policy LO 11-2, LO 11-3] value: 10.00 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.) Stockholders' Equity Liabilities 1. E11-2 Part 2 2. Prepare the journal entry required for each of these transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Import a new list 1 Record the issuance of 6,600 shares of common stock with a par value $2 for a price of $26 per share. 2 Record the issuance of 2,600 shares of common stock with a par value $2 for a price of $29 per share. Note:- journal entry has been entered Record entry View general journal Clear entry Hints References eBook & Resources Hint #1 value: 10.00 points E11-2 Part4 4. Incentive Corporation has $36,000 in the company's bank account. What is the maximum amount of cash dividends the distribute? company can declare and