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 5.500 shares of common stock for cash at $20 per share. b. Issued 1.500 shares of common stock for cash at $23 per share. 4. 0.30 points 3. Prepare the stockholders equity section as it should be reported on the year-end balance sheet. At year-end, the accounts reflected Net income of $100 INCENTIVE CORPORATION Balance Sheet (Partial) At December 31 Stockholders' Equity Contributed Capital Total Contributed Capital Total Stockholders' Equity References eBook & Resources Financial Statements Learning Objective: 11-02 Explain and analyze common stock Difficulty: 2 Medium Learning Objective: 11-03 Explain and analyze cash dividends dividends, and stock split transactions Check my work 5. 0.30 points 4. Incentive Corporation has $45.000 in the company's bank account. At year-end, the accounts reflected net income of $100. What is the maximum amount of cash dividends the company can declare and distribute? Maximum amount of cash dividends