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The following information is from Princeton Companys comparative balance sheets. At December 31 Current Year Prior Year Common stock, $10 par value $ 121,000 $

The following information is from Princeton Companys comparative balance sheets. At December 31 Current Year Prior Year Common stock, $10 par value $ 121,000 $ 116,000 Paid-in capital in excess of par 583,000 350,000 Retained earnings 329,500 303,500 The companys net income for the current year ended December 31 was $56,000. Complete the T-accounts to calculate the cash received from the sale of its common stock during the current year.

Please provide a complete table.

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