The following selected information is from Princeton Companys comparative balance sheets.

At December 31	2015		2014
Common stock, $10 par value	$	146,000	$	136,000
Paid-in capital in excess of par		603,000		360,000
Retained earnings		349,500		323,500

The companys net income for the year ended December 31, 2015, was $66,000.

Complete the below table tocalculate the cash received from the sale of its common stock during 2015.

Common Stock, $10 Par					Paid-in Capital in Excess of Par
Beg. bal.		136,000			Beg. bal.		360,000
		10,000	Issuance of common stock				243,000	Issuance of common stock
End. bal.		146,000			End. bal.		603,000

Cash received

$253,000

Complete the below table to calculate the cash paid for dividends during 2015.

Retained Earnings
Beg. bal.		323,500
2015 dividends		0
		66,000
End. bal.		389,500