Required information The following information applies to the quesilons displaycd bolow: Incentive Corporation was outhorized to issue 12,000 shares of common stock, each with a $1 par value. During its first year, the foliowing selected transactions were completed. a. Issued 5,600 shares of common stock for cash at $21 per share. b. lisued 1.600 shares of common stock for cash at $24 per share. Pequired: 1. Complete the table below, indicating the account, amount, and diection of the effect for the above transactians. (Enter any decreases to sccount balances with a minus sign,)