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 117,000 $108,000 575,000 346,000 321,500 295,500 2016 The company's net income for the year ended December 31, 2017, was $52,00O. 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during 2017