Question: The following selected information is from the Teeter Companys comparative balance sheets. The companys net income for the year ended December 31, 2011, was $196,000.

The following selected information is from the Teeter Company€™s comparative balance sheets.

The company€™s net income for the year ended December 31, 2011, was $196,000.
1. Compute the cash received from the sale of its common stock during 2011.
2. Compute the cash paid for dividends during2011.

At December 31 Common stock, $ 10 par value.. Pald-n capltal in excess of par Retained earnings 2011 2010 310,000 $300.000 1,134,000 684,000 627,000 575,000

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