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 yeat, the following selected transactions were completed: a. Issued 5,200 shares of common stock for cash at $22 per share. b Issued 1,200 shares of common stock for cash at $25 per share. 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 occount field.)