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] Incentlve Corporaton was authorized to issue 12000 shares of common stock each with a $2 par value. Duing its first yea, the following selected transactions were completed: 4. Issued 6.600 shares of commonstock for cash at 526 per share b. fsstied 7.600 shares of common stock for cash at $29 per share. E11.2 (Algo) Part 2 2. Prepare the journal entiy requiced 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 6,600 shares of common stock with a par value $2 for a price of $26 per share. Note: Enter debits before credits: Journal entry worksheet Record the issuance of 2,600 shares of common stock with a par value $2 for a price of $29 per share. Note: Enter debits before credits