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 Year Prior Year $ 144,000 5 140,000 627,000 362,000 353,500 327,500 The company's net income for the current year ended December 31 was $68,000 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 Issuance of common stock End bal 0 Pald-in Capital in Excess of Pan Paid-in Capital in Excess of Par Beg. bal. Issuance of common stock End, bal 0 Cash received 2. Complete the T-account to calculate the cash paid for dividends during the current year. Retained Earnings Beg bal