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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 Common Stock, no par, $14 stated value $4,480,000 Paid-In Capital from Sale of Treasury Stock 45,000 Paid-In Capital in Excess of Par-Preferred Stock 210,000 Paid-In Capital in Excess of Stated Value-Common Stock 480,000 Preferred 2% Stock, 5120 par 8,400,000 Retained Earnings 39,500,000 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 authonzed. Point Loma Group Inc. Balance Sheet October 31, 20XX Stockholder's Equity Paid-in Capital: Il end of the current fiscal year! Common Stock, no par, $14 stated value Paid-In Capital from Sale of Treasury Stock Paid-In Capital in Excess of Par-Preferred Stock Paid-In Capital in Excess of Stated Value-Common Stock Preferred 2% Stock, $120 par Retained Earnings $4,480,000 45,000 210,000 480,000 8,400,000 39,500,000 Prepare the Paid-In Capital portion of the 'Stockholders' Equity" section of the balance sheet using Method I of Exhibit 9. There are 375,000 shares of common stock authorized and 85,000 shares of preferred stock authorized Point Loma Group Inc. Balance Sheet October 31, 20XX Stockholder's Equity Paid-in Capital: a Total Paid-In Capital