The following information is from Princeton Company's comparative balance sheets. At December 31 Common stock, $10 par value Current Year $ 133,000 Paid-in capital in excess of par 591,000 Prior Year $ 124,000 354,000 Retained earnings 337,500 311,500 The company's net income for the current year ended December 31 was $60,000. 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 Beginning balance Ending balance Paid-in Capital in Excess of Par Beginning balance Ending balance Cash received