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 vatue. During its first year, the following selected transactions were completed: a. Issued 6.000 shates 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 4 4. Incentive Corporation has $30,000 in the company's bank account. At year-end, the accounts reflected a profit of $100. What is the maximum amount of cash dividends the company can declare and distribute