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 $4,480,000 Paid-In Capital from Sale of Treasury Stock Paid-In Capital in Excess of Par-Preferred Stock Paid-In Capital in Excess of Stated Value-Common Stock. Preferred 2% Stock, $120 par Retained Earnings 45,000 210,000 480,000 8,400,000 39,500,000 Prepare the Paid-In Capital portion of the "Stockholders' Equity" section of the balance sheet using Method 1 of Exhibit 10. There are 375,000 shares of common stock authorized and 85,000 shares of preferred stock authorized. Point Loma Group Inc. Balance Sheet October 31, 20XX Line Item Description Stockholder's Equity Paid-in Capital: Amount Amount Amount Prepare the Paid-In Capital portion of the "Stockholders' Equity" section of the balance sheet using Method 1 of Exhibit 10. There are 375,000 shares of common stock authorized and 85,000 shares of preferred stock authorized. Point Loma Group Inc. Balance Sheet October 31, 20XX Line Item Description Stockholder's Equity Paid-in Capital: Total Paid-In Capital Amount Amount Amount