3 QS 12-15 Computing financing cash flows LO P3 The following 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 Current Year Prior Year $ 117,000 5 188,000 575,000 346,00 321,500 295,500 eBook Hint The company's net income for the current year ended December 31 was $52,000 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during the current year. Ask Common Stock, $10 Par Beg bal Issuance of common stock 108,000 9,000 Print End, bal 117,000 tences Pald-in Capital in Excess of Par Beg bal 346,000 229.000 Assuance of common stock End bal 575.000 Cash received $ 238,000 End, bal 117,000 Ints Paid in Capital in Excess of Par Beg, bal Issuance of common stock 346,000 229,000 eBook End bal 575,000 Cash received $ 238,000 Hint Ask Print 2. Complete the T-account to calculate the cash paid for dividends during the current year. Retained Earnings ferences Beg bal 295,500 52,000 Current year dividends 26,000 321,500 End bal