QS 16-9 Computing financing cash flows LO P3 The following selected information is from Princeton Company's comparative balance sheets At Common stock, $10 par value 201 Retained sarninein excess of pan $ 130,000 122,000 589,000 353,ee0 335,500 309,500 Retained earnings The company's net income for the year ended December 31, 2017, was $59,000. 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 toc 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