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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

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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 Retained earnings 2018 141,000 $138,000 605,000 361,000 351,500 325,500 2017 The company's net income for the year ended December 31, 2018, was $67,000. 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

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