The following selected 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 2018 2017 $ 124,000 $ 118,000 585,000 351,000 331,500 305,500 The company's net income for the year ended December 31, 2018, was $57,000. 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during 2018. 2. Complete the T-account to calculate the cash paid for dividends during 2018. Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete the T-accounts to calculate the cash received from the sale of its common stock during 2018. Common Stock, $10 Par | 118,000 Beg. bal. End. bal 118,000 Paid-in Capital in Excess of Par Beg. bal. End. bal. Cash received Required 1 Required 2 >