QS 12-9 Computing financing cash flows LO P3 The following selected information is from Princeton Company's comparative balance sheets 201 2017 144,000 140,000 607,000 362,000 353,500 327,500 At December Common stock, $10 par value Paid-in capital in excess of par Retained earnings The company's net income for the year ended December 31, 2017, was $68,000. 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during 2017 Common Stock, $10 Par Beg. bal 140,000 Issuance of common stock End. bal. 140,000 Paid-in Capital in Excess of Par Beg. bal End. bal Cash received