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 567,000 342,000 Retained earnings 2017 2016 $105,000 $100,000 313, 58e 287,580 The company's net income for the year ended December 31, 2017, was $48,000. 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during 2017. Answer is not complete. n Stock, $10 Par Beg. bal 100,000 5,000 End. bal 105,000 Paid-in Capital in Excess of Par 342,000 Beg. bal. 225,000 567,000 End. bal. $230,000 Cash received End. bal 567,000 Cash received $230,000 2. Complete the T-account to calculate the cash paid for dividends during 2017 &Answer is not complete. Retained Earnings Beg. bal. 2017 dividends 287,500 22,000 48,000 313,500 End. bal