The following information is from ABC Company's comparative balance sheets. Current At December 31 Prior Year Year Common stock, $10 par value $ 127,000 $120,000 Paid-in capital in excess of par 587,080 352,000 Retained earnings 333,580 307,500 The company's net income for the current year ended December 31 was $58.000 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during the current year. Common Stock, 510 Par Beg bal End, bal Paid-in Capital in Excess of Par Bog, bal End, bal Cash received