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Required information [The following information applies to the questions displayed below] 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 5,200 shares of common stock for cash at $22 per share. b. Issued 1,200 shares of common stock for cash at $25 per share. equired: 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.) Required information [The following information applies to the questions displayed below.] 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 5,200 shares of common stock for cash at $22 per share. b. Issued 1,200 shares of common stock for cash at $25 per share. 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.) Journal entry worksheet Record the issuance of 5,200 shares of common stock with a par value $2 for a price of $22 per share. Note: Enter debits before credits