15 QS 16-15 Computing financing cash flows LO P3 3.44 points The following information is from Princeton Company's comparative balance sheets. Skipped At December 31 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 Book The company's net income for the current year ended December 31 was $58,000. 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during the current year. Hint Common Stock, $10 Par Beg bal Ask End, bol 0 Print Pald-in Capital in Excess of Par DO References Bog. bal. End, bal 0 Cash received