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, $$5$ stated value $$300,000$

Paid$-$In Capital from Sale of Treasury Stock $196,300$

Paid$-$In Capital in Excess of Par$-$Preferred Stock $66,000$

Paid$-$In Capital in Excess of Stated Value$-$Common Stock $720,000$

Preferred $2\%$ Stock, $$100$ par $550,000$

Retained Earnings $2,419,000$

Prepare the Paid$-$In Capital portion of the "Stockholders' Equity" section of the balance sheet using Method $1$ of Exhibit $9.$ There are $190,000$ shares of common stock authorized and $15,000$ shares of preferred stock authorized.

Point Loma Group Inc.

Balance Sheet

October $31,20$XX

Stockholder$$s Equity

Paid$-$in Capital: blank blank

Preferred $2\%$ Stock, $$100$ Par $(15,000$ Shares Authorized, $5,500$ Shares Issued$)$

$Preferred $2\%$ Stock, $$100$ Par $(15,000$ Shares Authorized, $5,500$ Shares Issued$)$

$550,000$

Excess of Issue Price Over Par

Excess of Issue Price Over Par

$66,000$

Paid$-$In Capital, Preferred Stock

$Paid$-$In Capital, Preferred Stock

$616,000$

Common Stock, No Par, $$5$ Stated Value $(190,000$ Shares Authorized, $60,000$ Shares Issued$)$

$Common Stock, No Par, $$5$ Stated Value $(190,000$ Shares Authorized, $60,000$ Shares Issued$)$

$300,000$

Excess of Issue Price Over Par

Excess of Issue Price Over Par

$720,000$

Paid$-$In Capital, Common Stock

Paid$-$In Capital, Common Stock

$650,000$

From Sale of Treasury Stock

From Sale of Treasury Stock

$196,300$

Total Paid$-$In Capital $fill in the blank $15$