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 2017 2016 $ 137,000 $ 130,000 597,000 357,000 343,500 317,500 The company's net income for the year ended December 31, 2017, was $63,000. 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during 2017 Common Stock, $10 Par Beg. bal. End, bal. 0 Paid-in Capital in Excess of Par Beg. bal. End. bal. Pald-in Capital in Excess of Par Beg. bal. End. bal. 0 Cash received 2. Complete the T-account to calculate the cash paid for dividends during 2017, Retained Earnings Beg. bal. End, bal. 0