Reporting Paid-In Capital The following accounts and their balances were selected from the adjusted trial balance of Block Ayala Group Inc., a freight forwarder, at October 31, the end of the current fiscal year: Common Stock, no par, $14 stated value $560,000 Paid-In Capital from Sale of Treasury Stock 305,900 Paid-In Capital in Excess of ParPreferred Stock 69,120 Paid-In Capital in Excess of Stated ValueCommon Stock 1,344,000 Preferred 2% Stock, $120 par 576,000 Retained Earnings 3,769,000 Prepare the Paid-In Capital portion of the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8. There are 130,000 shares of common stock authorized and 13,000 shares of preferred stock authorized.