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QS 12-9 Computing financing cash flows LO P3 The following selected information is from Princeton...

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QS 12-9 Computing financing cash flows LO P3 The following selected information is from Princeton Company's comparative balance sheets. 1.11 points At December 31 Common stock, $10 par value Paid-in capital in excess of par Retained earnings 579,000 348,000 325,500 299,500 eBook The company's net income for the year ended December 31, 2017, was $54,000. 1.11 points 1. Complete the Taccounts to calculate the cash recelved from the sale of its common stock during 2017 Common Stock, $10 P Beg. bal 112,000 eBook 3,000 Issuance of common stock End. bal 115,000 Hint Paid-in Capital in Excess of Par Print Beg. bal 348,000 231,000 Issuance of common stock Re erences End. bal. 579,000 Cash received S 234,000 2. Complete the T-account to calculate the cash paid for dividends during 2017 Retained Earnings Beg. bal End. bal

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