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 earning Current Your Prior Year $ 115,000 $112, 000 579,000 348,000 325, 500 299,500 The company's net income for the current year ended December 31 was $54.000 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 2. Complete the T-account to calculate the cash paid for dividends during the current year Retained Earnings Beg bal End bal