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Reporting paid-in capital

The following accounts and their balances were selected from the adjusted trial balance of Point Loma Group Inc., a freight forwarder, at October 31, the end of the current fiscal year:

Line Item Description	Amount
Common Stock, no par, $5 stated value	$250,000
Paid-In Capital from Sale of Treasury Stock	225,600
Paid-In Capital in Excess of Par-Preferred Stock	110,400
Paid-In Capital in Excess of Stated Value-Common Stock	600,000
Preferred 2% Stock, $100 par	920,000
Retained Earnings	2,780,000

Prepare the Paid-In Capital portion of the "Stockholders' Equity" section of the balance sheet using Method 1 of Exhibit 10. There are 160,000 shares of common stock authorized and 25,000 shares of preferred stock authorized.

Line Item Description	Amount	Amount
Stockholders Equity
Paid-in Capital:
Total Paid-In Capital