QS 12-15 (Algo) Computing financing cash flows LO P3 The following information is from Princeton Company's comparative balance sheets. At December 31 Current Year Prior Year Common stock, $10 par value $ 143,000 $ 134,000 Paid-in capital in excess of par 601,000 359,000 Retained earnings 347,500 321,500 The company's net income for the current year ended December 31 was $65,000 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during the current year. ces Common Stock $10 Par Beginning balance Ending balance Paid-in Capital in Excess of Par Beginning balance Ending balanco 0 Cash received 2. Complete the T-account to calculate the cash paid for dividends during the current year.. Retained Earnings Beginning balance Ending balance 0