The following information is from Princeton Company's comparative balance sheets. Current Prior Year At December 31 Common stock, $10 par value Paid-in capital in excess of par Retained earnings Year $ 124,000 585,000 331,589 $ 118,000 351,000 305,500 The company's net income for the current year ended December 31 was $57,000. 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 Paid-in Capital in Excess of Par Beg. bal. End bal Cash received Cash received 2. Complete the T-account to calculate the cash paid for dividends during the current year.. Retained Earnings Beg bal. End, bal. o te 600e to search