Incubus Corporation began with an investment by shareholders of $$35,000.$

a$.$ In its first year, its income showed a deficit of $$6,500.$ What would the equity section of its balance sheet show at year end? $($Negative answers should be indicated by a minus sign. Omit $ sign in your response.$)$

Common stock $

Retained earnings

Total Stockholders' Equity $

b$.$ In the second year, it had an income of $$16,500$ and a dividend of $$5,500$ was paid. What would the equity section of its balance sheet show at year end?

Common stock $

Retained earnings

Total Stockholders' Equity $

c$.$ In the third year, Incubus sold more shares for a value of $$17,500,$ earned income of $$11,500,$ and paid a dividend of $$5,500.$ What would the equity section of its balance sheet show at year end?

Common stock $

Retained earnings

Total Stockholders' Equity $