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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. At December 31 Common stock, $1e par value Paid-in capital in excess of par Retained earnings 2017 2016 $ 127,000 $ 120,000 587,000 333,500 352,000 307,500 ook The company's net income for the year ended December 31, 2017, was $58,000. Wirit 1. Complete the T-accounts to calculate 1he cash received from the sale of its common stock during 2017 Common Stock, $10 Par rint Beg bal erences End bal Paid-in Capital in Excess of Par Beg ball End bal Cash recelved ces 2. Complete the T-account to cal culate the cash paid for dividends during 2017. Retained Earnings Beg bal End. bal

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