QS 12-9 Computing financing cash flows LO P3 The following selected information is from Princeton Company's comparative balance sheets. At December 31 Common stock, $10 par value Paid-in capital in excess of par Retained earnings 2017 2016 $ 117,089 $ 188,089 575,000 346,000 321,589 295,500 eBook The company's net income for the year ended December 31, 2017, was $52,000. Print 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during 2017 References Common Stock, S10 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 Earnings Beg. bal. = End, bal