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QS 12-15 Computing financing cash flows LO P3 The following information is from Princeton Company's comparative balance sheets. At December 31 Current Prior Year Year Common stock, $10 par value $ 137,000 $ 130,000 Paid-in capital in excess of par 597,000 357,000 Retained earnings 343,500 317,500 The company's net income for the current year ended December 31 was $63,000. 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during the current year. 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 Beg. bal. End, bal. 0 Paid-in Capital in Excess of Par Beg. bal. End, bal. 0 Cash received 2. Complete the T-account to calculate the cash paid for dividends during the current year.. Retained Earnings Beg. bal. End. bal. 0