At December Common stock, $10 par value Paid in capital in excess of par Retained earnings Current Year $115,000 $112,000 4,000 The company's net income for the current year ended December 31 was $54.000 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during the cument your Beg. bal Common Stock, $10 Par Issuance of common stock 112,000 3,000 End. bal. 115,000 Paid-in Capital in Excess of Par Beg. bal. End. bal.