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 52 par value Daning its first year, the following selected transactions were completed a Issued 5,500 shares of common stock for cash at $20 per share bissued 1500 shares of common stock for cash at $23 per share 3. Prepare the stockholders' equity section as it should be reported on the year-end balance sheet At vear-end the accounts reflected a profit of $100, INCENTIVE CORPORATION Balance Sheet (Partial) At December 31 Stockholders' Equity Contributed Capital: Total Contributed Capital Total Stockholders' Equity