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, $10 par value Paid-in capital in excess of par Retained earnings Current Prior Year Year $ 137,000 $ 130,000 597,000 357,600 343,500 317,500 nes The company's net income for the current year ended December 31 was $63,000. 1. Complete the T-accounts to calculate the cash recelved from the sale of its common stock during the current year Common Stock 510 Par Beg bal End bal 0 Paid in Capital in Excess of Par Beg bal End bal 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during the current year. Common Stock, $10 Par Beg bal End bal 0 Paid-in Capital in Excess of Par Beg. bal End bal 0 Cash received 2. Complete the T-account to calculate the cash paid for dividends during the current yeat. Retained Earnings Beg bal 2. Complete the T-account to calculate the cash paid for dividends during the current year.. Retained Earnings Beg bal End bal 0