need help with table 2

QS 16-9 Computing financing cash flows LO P3 The following selected 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 2017 2016 $ 134,000 $ 128,000 595,000 356,000 341,500 315,500 The company's net income for the year ended December 31, 2017, was $62,000. 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during 2017 Beg, bal. Common Stock, $10 Par 128,000 6,000 Issuance of common stock End. bal. 134,000 Beg. bal. Paid-in Capital in Excess of Par 356,000 239,000 Issuance of common stock End. bal. 595,000 Cash received $ 245,000 2. Complete the T-account to calculate the cash paid for dividends during 2017, Beg. bal. 2017 dividends Retained Earnings 315,500 62,000 2017 Net income End. bal. 377,500