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The following information is from Princeton Company s comparative balance sheets. At December 3 1 Current Year Prior Year Common stock, $ 1 0 par

The following information is from Princeton Companys comparative balance sheets.
At December 31 Current Year Prior Year
Common stock, $10 par value $ 131,000 $ 126,000
Paid-in capital in excess of par 593,000355,000
Retained earnings 339,500313,500
The companys net income for the current year ended December 31 was $61,000.
Complete the T-accounts to calculate the cash received from the sale of its common stock, par $10 during the current year.
Complete the T-account to calculate the cash paid for dividends during the current year.
Show graphs please i don't understand

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