The following information is from Princeton Company's comparative balance sheets. Current Prior At December 31 Year Year Common stock, $10 par value $ 117, 000 $ 108,000 Paid-in capital in excess of par 575, 000 346, 000 Retained earnings 321, 500 295, 500 The company's net income for the current year ended December 31 was $52,000. 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during the current year. * Answer is not complete. Common Stock, $10 Par Beg. bal. 108,000 x Issuance of common stock 5,000 X End. bal. 103,000 Paid-in Capital in Excess of Par Beg. bal. 346,000 Issuance of common stock End. bal. 346,000 Cash received2. Complete the T-account to calculate the cash paid for dividends during the current year" 9 Answer Is not complete. Bag. bal. Current year dividends 0 Current year net Income 0 End. bal