The following information is from ABC Company's comparative balance sheets. Current Prior At December 31 Year Year Common stock, $10 par value $ 134,000 $128,000 Paid-in capital in excess of par 595,000 356,000 Retained earnings 341,500 315,500 The company's net income for the current year ended December 31 was $62,000. 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 Net income Dividends End, bal Palden Capital in Excess of Par Bog, bal End.bal. Cash received