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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

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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 Prior Year Year $ 118,eee $ 114, eee 581,000 349,000 327,5ee 301,500 The company's net income for the current year ended December 31 was $55,000 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, 510 Par Bog bal 114,000 Issuance of common stock End, bal 114.000 Paid-in Capital in Excess of Par Beg bal Issuance of common stock 0 End, bal

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