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: $470,000 Preferred 2% Stock, $100 par 56,400 Paid-In Capital in Excess of Par-Preferred Stock 400,000 Common Stock, no par, $5 stated value 960,000 Paid-In Capital in Excess of Stated Value-Common Stock 226,400 Paid-In Capital from Sale of Treasury Stock 2,789,000 Retained Earnings Prepare the Paid-In Capital portion of the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 9. There are 260,000 shares of common stock authorized and 13,000 shares of preferred stock authorized. Point Loma Group Inc. Stockholders' Equity (Paid-In Capital Section) October 31, 20XX Paid-in Capital: Total Paid-In Capital 0