2. Accounting
3. prepare the stockholders equity section as it should be reported...

# Question: prepare the stockholders equity section as it should be reported...

###### Question details

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 $300. (required information) [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 5,900 shares of common stock for cash at $19 per share. b. Issued 1,900 shares of common stock for cash at$22 per share.