Required information [The following information applies to the questions displayed below.) Incentive Corporation was authorized to Issue 12,000 shares of common stock, each with a $2 par value. During its first year, the following selected transactions were completed: a. Issued 7000 shares of common stock for cash at $30 per share b. Issued 3,000 shares of common stock for cash at $33 per share, 2. Prepare the journal entry required for each of these transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)