ces 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 Current Year Prior Year $108,000 $102,000 Paid-in capital in excess of par Retained earnings 569,000 343,000 315,500 289,500 The company's net income for the current year ended December 31 was $49,000. 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during the current year. Beg. bal Common Stock, $10 Par End. bal. Beg. bal. End. bal. 0 Paid-in Capital in Excess of Par Cash received 0