Please do all 3 parts

Required information E11-2 (Algo) Reporting Stockholders' Equity and Determining Dividend Policy [LO 11-2, LO 11-3] [The following information applies to the questions displayed below] 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 5,600 shares of common stock for cash at $21 per share. b. Issued 1,600 shares of common stock for cash at $24 per share. 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.) Journal entry worksheet Record the issuance of 5,600 shares of common stock with a par value $1 for a price of $21 per share. Note: Enter debits before credits. Journal entry worksheet Record the issuance of 1,600 shares of common stock with a par value $1 for a price of $24 per share. Note: Enter debits before credits. 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 $300