Overview Videos i At December 31 Common stock, $10 par value Paid-in capital in excess of par Retained earnings Common Stock, $10 Par Beginning balance Issuance of common stock The company's net income for the current year ended December 31 was $48,000. 1. Complete the T-accounts to calculate the cash received from the sale of its commo Dividends Issuance of common stock Net income Current Year $ 105,000 567,900 313,500 s of Par 125 48.000 Saved 48.000 Prior Year $ 100,000 342,000 287,500