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1b)

both pictures are for same question. will give thunbs up.

The following information is from Princeton Company's comparative balance sheets. Current PERO At December 31 Year Year Co non stock, 010 par value 1,000 $140,000 Pald-in capital in excess et par 607.000 362,000 Retained earnings 353,500 327.500 The company's net Income for the current year ended December 31 was $68,000 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during the current year. Common Stock 810 Par Beg bal Endbal Pald CoinExcess of Par Beg bal End bal Cash received 2. Complete the T-account to calculate the cash paid for dividends during the current year.. Retained Earnings Beg. bal. End. bal