The following accounts and their balances were selected from the unadjusted trial balance of REO, INC. a freight company, October 31, the end of the current fiscal year: Preferred capital 2%, par value $100.......................... .......750,000 Paid-in capital in excess of par value preferred capital..............................$90,000 Common capital, no par value, declared value $5 ......................$400,000 Paid-in capital in excess of declared value - common capital.......... .............$960,000 capital paid for the sale of treasury shares ............................ .............$25,000 retained earnings................................... .................................................. .............3,150,000 Prepare the total paid-in capital portion of the stockholders' equity section of the balance sheet. There are 250,000 shares of common stock and 20,000 shares of preferred stock authorized