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Required information

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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.

Required:

Complete the table below, indicating the account, amount, and direction of the effect for the above transactions, $($Enter anv