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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. Required: 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.) Assets Liabilities a. Cash 120,000 0 6,000 Stockholders' Equity Common Stock Additional Paid-In Capital, Common Stock Common Stock Additional Paid-In Capital, Common Stock b. Cash 46,000 0 2,000