QS 16-9 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 $ 134,000 $ 128,000 595,000 356,000 341,500 315,500 The company's net income for the year ended December 31, 2017, was $62,000. 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during 2017 Beg. bal. Common Stock, $10 Par 128,000 Issuance of common stock End. bal. 128,000 Paid-in Capital in Excess of Par Beg. bal. End. bal. 0 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during 2017. Common Stock, $10 Par 128,000 Beg. bal. Issuance of common stock End. bal. 128,000 Paid-in Capital in Excess of Par Beg. bal. End. bal. 0 Cash received 2. Complete the T-account to calculate the cash paid for dividends during 2017. Retained Earnings Beg. bal. End. bal. 0