The following information is from ABC Company's comparative balance sheets. At December 31 Current Year Prior Year $140,000 $132,000 Paid-in capital in excess of par Retained earnings 599,000 358,000 345,500 319,500 Common stock, $10 par value The company's net income for the current year ended December 31 was $64,000. 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during the current year. Common Stock, $10 Par Beg. bal End. bal. Beg. bal End. bal. Paid-in Capital in Excess of Par Cash received 2. Complete the T-account to calculate the cash paid for dividends during the current year.. Retained Earnings Beg. bal. End. bal