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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 $6,000$ shares of common stock for cash at $$20$ per share.

b$.$ Issued $2,000$ shares of common stock for cash at $$23$ per share.

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 $$100.$