Hello!

I am stuck on a question. I have attached a photo of what I have done but I am not sure what is missing.

The following selected information is from Princeton Company's comparative balance sheets. At December 31 2017 2016 Common stock, $10 par value $ 105, 000 $ 100 , 000 Paid-in capital in excess of par 567, 000 342 , 000 Retained earnings 313, 500 287 , 500 The company's net income for the year ended December 31, 2017, was $48,000. 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during 2017. X Answer is not complete. Common Stock, $10 Par Beg. bal. 100,000 5,000 End. bal. 105,000 Paid-in Capital in Excess of Par Beg. bal. 342,000 225,000 End. bal. 567,000 Cash received $230,000