Instructions Amount Descriptions Stockholders' Equity Instructions 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: 1 Common Stock, no par, $10 stated value Paid-In Capital from Sale of Treasury Stock) $3,330,000.00 44,400.00 Paid-In Capital in Excess of Par-Preferred Stock 226,000.00 Paid-In Capital in Excess of Stated Value-Common Stock 459,500.00 s Preferred 2% Stock, $120 par Retained Earnings 9,480,000.00 39,660,000.00 Prepare the Paid-In Capital portion of the Stockholders Equity section of the balance sheet using Method 1 of Exhibit 9. There are 375,000 shares of common stock authorized and 85,000 shares of preferred stock authorized. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries Amount Descriptions Amount Descriptions Common stock dividends Common stock, no par, $10 stated value; 375,000 shares authorized, 333,000 shares issued Excess of issue price over par Excess of issue price over stated value From sale of treasury stock Increase in retained earnings Paid-in capital, common stock Paid-in capital, preferred stock Preferred stock dividends Preferred 2% stock, $120 par; 85,000 shares authorized, 79,000 shares issued Total contributed capital Total paid-in capital Instructions Amount Descriptions Stockholders' Equity Instructions Stockholders' Equity Prepare the Paid-In Capital portion of the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 9. There are 375,000 shares of common stock authorized and 85,000 shares of preferred stock authorized. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. 1 Paid-in capital: 2 4 5 6 7 9 Point Loma Group Inc. Stockholders' Equity (Paid-In Capital Section) October 31, 20XX Score: 1/82 Points: 0.2/16