Incentive corporation was authorized to issue 12,000 shares of common stock, each with a $2 par value. during its first year, the following selected transactions were completed: issued 6,600 shares of common stock for cash at $26 per share. issued 2,600 shares of common stock for cash at $29 per share. prepare the stockholders’ equity section as it should be reported on the year-end balance sheet. at year-end, the accounts reflected net income of $100.