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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
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 2016 2015 $ 141,000 S 138,000 605,000 361,000 351,500 325,500 The company's net income for the year ended December 31, 2016, was $67,000. 1. Complete the below table to calculate the cash received from the sale of its common stock during 2016 Common Stock, $10 Par Paid-in Capital in Excess of Par Beg. bal Beg. bal. End. bal End. bal. receiv 2. Complete the below table to calculate the cash paid for dividends during 2016 Retained Earnings Beg. bal End. bal
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