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	$700,000
Paid-In Capital from Sale of Treasury Stock	424,300
Paid-In Capital in Excess of ParPreferred Stock	123,840
Paid-In Capital in Excess of Stated ValueCommon Stock	1,680,000
Preferred 2% Stock, $120 par	1,032,000
Retained Earnings	5,227,000

Prepare the Paid-In Capital portion of the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8. There are 160,000 shares of common stock authorized and 23,000 shares of preferred stock authorized.

Point Loma Group Inc.,
Stockholders' Equity
October 31, 20XX
Paid-in Capital:
Preferred 2% Stock, $120 Par (23,000 Shares Authorized, 8,600 Shares Issued)	$
Excess over par
Paid-in capital, preferred stock		$
Common Stock, No Par, $5 Stated Value (160,000 Shares Authorized, 50,000 Shares Issued)	$
Excess over par
Paid-in capital, common stock
From Sale of Treasury Stock
Total Paid-In Capital		$