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At December 31 Common stock, $10 par value Paid-in capital in excess of par Retained earnings 2018 2017 $ 133,000 $ 124,000 591,000 354,000 337,500 311,500 The company's net income for the year ended December 31, 2018, was $60,000. 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during 2018. 2. Complete the T-account to calculate the cash paid for dividends during 2018. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete the T-accounts to calculate the cash received from the sale of its common stock during 2018. Common Stock, $10 Par Beg. bal. End. bal. 0 Paid-in Capital in Excess of Par Beg. bal. End. bal. Cash received At December 31 Common stock, $10 par value Paid-in capital in excess of par Retained earnings 2018 2017 $ 133,000 $ 124,000 591,000 354,000 337,500 311,500 The company's net income for the year ended December 31, 2018, was $60,000. 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during 2018. 2. Complete the T-account to calculate the cash paid for dividends during 2018. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete the T-accounts to calculate the cash received from the sale of its common stock during 2018. Common Stock, $10 Par Beg. bal. End. bal. 0 Paid-in Capital in Excess of Par Beg. bal. End. bal. Cash received

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