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Required informotion [The following information applies to the questions displayed below] Incentive Corporation was authorized to issue 12,000 shares of common stock, each with a

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Required informotion [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 6.100 shares of common stock for cash at $21 per share b. Issued 2,100 shares of common stock for cash at $24 per share 4. Incentive Corporation has $31,000 in the company's bank account. At year-end, the accounts reflected a profit of $200. What is the maximum amount of cash dividends the company can declare and distribute

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