Required information E11-2 (Algo) Reporting Stockholders' Equity and Determining Dividend Policy [LO 11-2, LO 11-3] [The following information applles to the questions displayed below) Incentive Corporation was authorized to issue 12000 shares of common stock, each with a $2 par value. During its first year, the following selected transactions were completed: 4. Ksived 6,600 shares of common stock for cash at $26 per share b. issued 2600 shares of common stock for cash at $29 per share. E11-2 (Algo) Part 2 2. Prepare the joumal entry requicd for each of these tlansactions. (If no entry is required for n tronsaction/event, select "No Journal Entry Required" in the first account field.) 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