The following selected information is from Princeton Company's comparative balance slh 2017 2016 At December 31 Common stock, $10 par value Paid-in capital in excess of par Retained earnings $ 105,000 $100,000 567,000 342,000 313,500 287,500 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 s Beg. bal. Purchase of treasury stock Common Stock, $10 Par 100,000 5,000 Dividends Issuance of common stock Net income Purchase of treasury stock Retirement of common stock 105,000 pital in Excess of Par 342,000 225,000 End. bal. 567,000