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 2018 2017 127,000 120,000 587,000 352,000 333,500 307,500 The company's net income for the year ended December 31, 2018, was $58,000. 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 Required 2 Complete the T-account to calculate the cash paid for dividends during 2018 Retained Earnings 307,500 58,000 32,000 64,000 Beg. bal 2018 Net income ash 333,500 End. bal Required 1 Required2