work Url=https SO Saved 6 Resing The g 9 Help Save Exit Submit QS 12-15 Computing financing cash flows LO P3 Check my work ".07 The following information is from Princeton Company's comparative balance sheets. oints At December 31 eBook Common stock, $10 par value Paid-in capital in excess of par Retained earnings Current Prior Year Year $ 127,000 $ 120,000 587,000 352,000 333,500 307,500 Hint Print The company's net income for the current year ended December 31 was $58,000. erences 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during the current year. Common Stock, $10 Par Beg. bal. 0 End. bal. S 11 Next 9 Common Stock, $10 Par Beg. bal. 1.07 points End, bal. 0 eBook Paid-in Capital in Excess of Par Hint Beg. bal. Print eferences End. bal. 0 Cash received