The following information is from Princeton Company's comparative balance sheets At December 31 Common stock, $10 par value Paid-in capital in excess of par Retained earnings Current Prior Year Year $ 127,089 $ 120,000 587,000 352,000 333,500 307, see 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 ces End, bal Paid in Capital in Excess of Par Beg bal End. bal. Cash received 2. Complete the T-account to calculate the cash paid for dividends during the current year. 2. Complete the T-account to calculate the cash paid for dividends during the current year.. Retained Earnings Beg ball End, bal