The following information shows comparative balance sheets. Net income is $68,000 for the current year ended December 31. At December 31 Connon stock, $1 par value Current Year Prior Year $ 144,000 $ 140,000 Paid-in capital in excess of para Retained earnings 607,000 353,500 362,000 327,500 9 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. 1. Cash received from issuing stock 2. Cash paid for dividends