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.

Required information E11-2 (Static) Reporting Stockholders' Equity and Determining Dividend Policy [LO 11-2, LO 11-3] [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. 11-2 (Static) Part 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. \begin{tabular}{|l|l|} \hline \multicolumn{1}{|c|}{ INCENTIVE CORPORATION } \\ \hline \multicolumn{1}{|c|}{ Balance Sheet (Partial) } \\ \hline \multicolumn{1}{|c|}{ At December 31 } \\ \hline Stockholders' Equity \\ \hline Contributed Capital: & \\ \hline & \\ \hline Total Contributed Capital & \\ \hline Total Stockholders' Equity & \\ \hline \end{tabular}