Instructions The following accounts and their balances were selected from the unadjusted trial balance of Point Loma Group Inc., a Freight Forwarder, at October 31, the end of the current fiscal year: 54.147,000.00 1 Common Stock, no par, 513 stated value 2 Paid In Capital from Sale of Treasury Stock 45,400.00 3 Paid In Capital in Excess of Par-Preferred Stock 192,000.00 + Paid In Capital in Excess of Stated Value-Common Stock 481.000.00 5 Preferred 2% Stock, 5120 par 7,800,000.00 40,795,000.00 6 Retained Earnings Instructions Amount Descriptions Amount Descriptions Common stock dividends Common stock, no par, $13 stated value: 375,000 shares authorized, 319,000 issued Excess of issue price over par From sale of treasury stock Increase in retained earnings Preferred stock dividends Preferred 2% stock, $120 par, 85,000 shares authorized, 65,000 issued Total contributed capital Total paid-in capital Prepare the paid in Capital portion of the Stockholders Equity section of the balance sheet using Metod I of Exhibit 6. There are 375,000 shares of common stock authorized and 85.000 hores of preferred stock authorized Refer to the Amount Descriptions is provided for the exact wording of the answer choices for text entries Point Loma Group Inc. Stockholders' Equity (Paid-in Capital Section) October 31 20XX Preferred 2% stock, 5120 par: 85,000 shares authorized 65,000 issued 1 Paid-in capital: Instructions Amount Descriptions Stockholders' Equity Instructions The following accounts and their balances were selected from the unadjusted trial balance of Point Loma Group Inc., a freight forwarder, at October 31, the end of the current fiscal year: Method 1 Description: 54.147,000.00 45,400,00 192,000.00 1 Common Stock, no par, $13 stated value 2 Paid-In Capital from Sale of Treasury Stock 3 Paid-In Capital in Excess of Par-Preferred Stock + Paid In Capital in Excess of Stated Value-Common Stock 3 Preferred 2% Stock, 5120 par 6 Retained Earnings 481,000.00 7,800,000.00 40,795,000.00 Prepare the Paid-in Capital portion of the Stockholders' Equity section of the balance sheet using Method I of Exhibit 6. 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 Check My Work 2 more Check My Work uses remaining. All work saved