Instructions Amount Descriptions 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 Common Stock, no par, $12 stated value $4,116,000.00 Paid-In Capital from Sale of Treasury Stock 48,600.00 Paid-In Capital in Excess of Par-Preferred Stock 211,000.00 Amount Descriptions Common stock dividends Common stock, no par, $12 stated value; 375,000 shares authorized, 343,000 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, $105 par: 85,000 shares authorized, 68,000 shares issued Total contributed capital Total paid-in capital Paid In Capital in Excess of Stated Value-Common Stock 464,000.00 Preferred 2% Stock $105 par 7,140,000.00 40,320,000.00 6 Retained Eamings 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. 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