The following information applies to the questions dlsplayed below. Incentive Corporation was euthorized 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 6,300 shares of common stock for cash at $23 per share. b. Issued 2,300 shares of common stock for cash at $26 per share. References Section Break E11-2 Reporting Stockholders Equity and Determining Dividend Policy [LO 11-2, LO 11- 3] value: Required informe 0.50 points E11-2 Part 2 2. 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.) View transaction list View journal entry worksheet Credit Debit Import a new list Record the issuance of 6,300 shares of common stock with a par value $1 for a price of $23 per share. 1 Record the issuance of 2,300 shares of common stock with a par value $1 for a price of $26 per share. 2 Note:journal entry has been entered 11-2 Part 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 Hints References eBook &Resources Hint #1 heck my work lue: Required 50 points 11-2 Part 4 Incentive Corporation has $33,000 in the company's bank account. What is the maximum amount of cash dividends the company can declare and distribute? Maximum amount of cash dividends