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 $400,000 Paid-In Capital from Sale of Treasury Stock 277,400 Paid-In Capital in Excess of Par-Preferred Stock 102,000 Paid-In Capital in Excess of Stated Value-Common Stock 960,000 Preferred 2% Stock, $100 par 850,000 Retained Earnings 3,418,000 Prepare the Paid-In Capital portion of the "Stockholders' Equity" section of the balance sheet using Method 1 of Exhibit 10. There are 260,000 shares of common stock authorized and 23,000 shares of preferred stock authorized. Point Loma Group Inc. Balance Sheet October 31, 20XX Line Item Description Amount Amount Stockholder's Equity Paid-in Capital: Preferred 2% Stock, $100 Par (23,000 Shares Authorized, 8,500 Shares Issued) 850,000. Excess of Issue Price Over Par 102.000