Question 1 (3 points) Alpha Corp., was organized on January 2, 2018. During the first year of operation, Alpl issued 100,000 shares of $1 par value common stock at a price of $50 cash per share December 31, 2018, Alpha reported Net Income of $250,000 and paid $50,000 cash dividends. Use this information to determine the dollar amounts that Alpha will report its year end Balance Sheet: 1. Common Stock 2. Paid in Capital Common Stock in Excess to par 3. Retained Earnings