QS 16-9 Computing financing cash flows LO P3 The following selected Information is from Princeton Company's comparative balance sheets. 2017 At December 31 Common stock, $10 par value Paid-in capital in excess of par Retained earnings 2016 $ 133,888 $ 124, 591, e8e 354,000 337,500 311,500 The company's net Income for the year ended December 31, 2017, was $60,000. 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during 2017. Common Stock, $10 Par 124,000 Beg. bal. Issuance of common stock 9,000 End. bal. 133,000 Paid-in Capital in Excess of Par 354,000 Beg. bal. Issuance of common stock End. bal. 354,000 Cash received 2. Complete the T-account to calculate the cash paid for dividends during 2017. Retained Earnings Beg. bal. End. bal