589,000 The following information is from Princeton Company's comparative balance sheets. At December 31 Current Year Prior Year Common stock, $10 par value $ 139,000 $ 122,000 Paid-in capital in excess of par 353,000 Retained earnings 335,500 309,500 The company's net income for the current year ended December 31 was $59,000 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during the current year. Common Stock. S10 Par Beginning balance Ending balance Paid.in Capital in Excess of Par Beginning balance Ending balance Cash received 2. Complete the Taccount to calculate the cash paid for dividends during the current year. Retained Earnings Beginning balance Ending balance