QS 12-9 Computing financing cash flows LO P3 The following selected information is from Princeton Company's comparative balance sheets. 2017 147,000 601,000 349,000 2016 136,000 361,000 323,000 December 31st Common stock, 10 par value Paid-in capital in excel of par Retained earnings The company's net income for the year ended December 31, 2017, was $66,000 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during 2017 Beg. bal End. ball in of Beg. bal End. ball Cash received 2. Complete the T-account to calculate the cash paid for dividends during 2017, Beg. bal End bal