letut Creek C Silver Moon Retre... Farmhouse Cottag- Cowtown Casita Convenient - 12 Saved At December 31 Common stock, $10 par value Paid-in capital in excess of par Retained earnings Current Prior Year Year $ 137,000 $ 130,000 597,000 357.000 343,500 317,500 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. Common Stock, $10 Par Beg. bal. End, bal. 0 Paid-in Capital in Excess of Par Beg. bal. End, bal 0 Cash received THE er 12 Saved Cash received 2. Complete the T-account to calculate the cash paid for dividends during the current year.. Retained Earnings Beg bal. End. bal