The following information shows comparative balance sheets. Net income is $65,000 for the current year ended December 31. At December 31 Common stock, $1 par value Current Year $ 143,000 Paid-in capital in excess of par Retained earnings 601,000 347,500 Prior Year $ 134,000 359,000 321,500 1. Calculate the cash received from the sale of its common stock during the current year. 2. Calculate the cash paid for dividends in the current year.