Incentive Corporation was authorized to issue 12,000 shares of common stock, each with a $1 par value. During its first year, the following selected transactions were completed:

a.	Issued 6,300 shares of common stock for cash at $23 per share.
b.	Issued 2,300 shares of common stock for cash at $26 per share.

(Completed the entries 1 & 2.)

Complete the problems and let me know how you got the answer (the formula you used and how you solved it).

T. 0.00 points Required Complete the table below, indicating the account and direction of the effec or the above amount transactions. (Enter any decreases to account balances with a minus sign.) Assets Liabilities Stockholders' Equity Required information