The following information is from Princeton Companys comparative balance sheets.

At December 31	Current Year		Prior Year
Common stock, $10 par value	$	143,000	$	134,000
Paid-in capital in excess of par		601,000		359,000
Retained earnings		347,500		321,500

The companys net income for the current year ended December 31 was $65,000. 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during the current year.