2016 At December 31 Common stock, $10 par value Paid-in capital in excess of par Retained earnings 2017 $144,000 140,000 607,000 362,000 353,500 327,500 The company's net income for the year ended December 31, 2017, was $68,000. 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during 2017. Common Stock, $10 Par Beg. bal End. bal. Paid-in Capital in Excess of Par Beg. bal. End. bal. Cash received 2. Complete the T-account to calculate the cash paid for dividends during 2017 Retained Earnings Beg. bal. End. bal