please complete number 2 question

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, 51 par value Paid-in capital in excess of par Retained earnings Current Prior Year Year $ 105, eee $ 188,888 567, eee 342, eee 313,580 287, see The company's net income for the current year ended December 31 was $48,000 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during the Common Stock 510 Par Beg bal. Issuance of common stock 100.000 5,000 mt End bal 105,000 nces Paid-in Capital in Excess of Par Beg bal Issuance of common stock 342,000 225.000 End bal 567 000 Cash received $ 230,000 2. Complete the T-account to calculate the cash paid for dividends during the current year, Retained Earning Beg bal Current year Net income Current year dividends 287,500 End bal 287 500