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 2300 shares of common stock for cash at $26 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 net income of $100 INCENTIVE CORPORATION Balance Sheet (Partial) At December 31 Stockholders' Equity Con Capital Soon Stoo AP 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 $100. INCENTIVE CORPORATION Balance Sheet (Partial) At December 31 Stockholders' Equity Contributed Capital Common Stock Additional Paid in Capital Common Stock Total Contibuted Capital Retained Earnings ToShoholdes Equity $ 0