The following selected information is from Princeton Companys comparative balance sheets. At December 31 2017 2016 Common stock, $10 par value $ 143,000 $ 134,000 Paid-in capital in excess of par 601,000 359,000 Retained earnings 347,500 321,500 The companys net income for the year ended December 31, 2017, was $65,000.

1. Complete the T-accounts to calculate the cash received from the sale of its common stock during 2017. 2. Complete the T-account to calculate the cash paid for dividends during 2017.

2. Complete the T-account to calculate the cash paid for dividends during 2017.