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Reporting Paid In Capital The following accounts and their balances were selected from the stjusted trial balance of Point Loma Group Inc., a freight forwarder,

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Reporting Paid In Capital The following accounts and their balances were selected from the stjusted trial balance of Point Loma Group Inc., a freight forwarder, at Odober 31, the end of the current fiscal year: Common Stock, no ar, 514 stated value $420,000 Paid In Capital from Sale of Treasury Stock 295,500 Paid In Capital in Excess of Par-Preferred Stock 110,880 Paid In Capitalis Excess of State Value Common Stock 1,000,000 Preferred 2. Stock, 5120 par 924,000 Retained Carnings 3,641,000 Prepare the pain Capital portion of the stockholders' Bounty section of the balance sheet using Method of Exhibit. There are 100,000 shares of cost withonized and 21,000 shares of preferred stock authorized Point Loma Group Inc Stockholders' Equity October 31, 20XX Paldin Capital

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