QS 12.9 Computing financing cash flows LO P3 The following selected information is from Princeton Company's comparative balance sheets. 2017 2016 Common stock, $10 par value Paid-in capital in excess of par Retained earnings s 118,080 $ 114,000 581,000 349,00 327,500 301,580 The company's net income for the year ended December 31, 2017, was $55,000 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during 2017 Common Stock, $10 Par Beg bal End bal Paid-in Capital in Excess of Par Beg bal. End. bal Cash received 2 Complete the T-account to calculate the cash paid for dividends during 2017 Retained E Beg bal End ba