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 $1 par value. During its first year, the following selected transactions were completed: a. Issued 6,000 shares of common stock for cash at $20 per share. b. Issued 2,000 shares of common stock for cash at $23 per share. 1. Complete the table below, indicating the account, amount, and direction of the effect for the above transactions. (Enter any decreases to account balances with a minus sign.) Journal entry worksheet Record the issuance of 6,000 shares of common stock with a par value $1 for a price of $20 per share. Note: Enter debits before credits. Journal entry worksheet Record the issuance of 2,000 shares of common stock with a par value $1 for a price of $23 per share. Note: Enter debits before credits. 3. Prepare the stockholders' equity section as it should be reported on the year-end balance sheet. At year-end, the accounts reflected a profit of $100. 4. Incentive Corporation has $30,000 in the company's bank account. At year-end, the accounts reflected a profit of $100. What is the maximum amount of cash dividends the company can declare and distribute