The following information is from Princeton Company's comparative balance sheets. At December 311 Common stock, $10 par value. Current Year Prior Year $130,000 $122,000 Paid-in capital in excess of par Retained earnings 589,000 353,000 335,500 309,500 The company's net income for the current year ended December 31 was $59,000. 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. 0 Paid-in Capital in Excess of Par Beg. bal. End. bal. Cash received