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 $ 118,000 $ 114,000 581,000 349,000 27,500 301,500 The company's net income for the year ended December 31, 2018, was $55,000. 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