ed -k 3 t inces The following information is from Princeton Company's comparative balance sheets. At December 31 Common stock, $10 par value Current Year $ 117,000 Paid-in capital in excess of par Retained earnings 575,000 Prior Year $ 108,000 346,000 321,500 295,500 The company's net income for the current year ended December 31 was $52,000. 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during the current year. Common Stock, $10 Par Beginning balance. Ending balance Paid-in Capital in Excess of Par Beginning balance Ending balance Cash received 2. Complete the T-account to calculate the cash paid for dividends during the current year.. Retained Earnings Beginning balance Ending balance 0