The following selected information is from Princeton Companys comparative balance sheets.

At December 31 Common stock, $10 par value Paid-in capital in excess of par Retained earnings 2018 2017 $ 143,000 $ 134,000 601,000 359,000 347,500 321,500 The company's net income for the year ended December 31, 2018, was $65,000. 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. Required 1 Required 2 Complete the T-accounts to calculate the cash received from the sale of its common stock during 2018. Beg. bal. Common Stock, $10 Par 134,000 69,000 Issuance of common stock End. bal. 203,000 Paid-in Capital in Excess of Par Beg. bal. Issuance of common stock End. bal. L O I Cash received Required 1 Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 ---- Complete the T-account to calculate the cash paid for dividends during 2018. Retained Earnings 321,500 Beg. bal. End. bal. 321,500