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 $150,000 Paid-In Capital from Sale of Treasury Stock 180,800 Paid-In Capital in Excess of Par-Preferred Stock 106,800 Paid-In Capital in Excess of Stated Value-Common Stock 360,000 890,000 2,228,000 Preferred 2% Stock, $100 par Retained Earnings Prepare the Paid-In Capital portion of the "Stockholders' Equity" section of the balance sheet using Method 1 of Exhibit 10. There are 100,000 shares of common stock authorized and 24,000 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