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 5,100 shares of common stock for cash at $21 per share. b. Issued 1100 shares of common stock for cash at $24 per share. 3. Prepare the stockholders' equity section as it should be reported on the year-end balance sheet. At year-end, the accounts reflected net income of $200 INCENTIVE CORPORATION Balance Sheet (Partial) At December 31 Stockholders' Equity Contributed Capital: Total Contributed Capital Total Stockholders Equity