The following information is from ABC Company's comparative balance sheets. At December 31 Current Year Prior Common stock, $10 par value $146,000 Year $136,000 Paid-in capital in excess of par Retained earnings 603,000 349,500 360,000 323,500 The company's net income for the current year ended December 31 was $66,000. 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. Cash received Paid-in Capital in Excess of Par 2. Complete the T-account to calculate the cash paid for dividends during the current year.. Retained Earnings Beg. bal. End. bal