Required information [The following information applles to the questions displayed below.] Incentlve Corporation was authorlzed 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 5,200 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 account field.) Journal entry worksheet Record the issuance of 5,200 shares of common stock with a parvalue \\( \\$ 2 \\) for a price of \\( \\$ 22 \\) 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 \\). Journal entry worksheet Record the issuance of 1,200 shares of common stock with a parvalue \\( \\$ 2 \\) for a price of \\( \\$ 25 \\) per share. Note: Enter debits before credits