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 it 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. E11-2 (Static) Part 3 3. Prepare the stockholders' equity section as it should be reported on the year-end balance sheet. At year-end, the accol reflected a profit of $100