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 $350,000 Paid-In Capital from Sale of Treasury Stock 269,100 Paid-In Capital in Excess of Par-Preferred Stock 112,800 Paid-In Capital in Excess of Stated Value-Common Stock 840,000 Preferred 2% Stock, $100 par Retained Earnings 940,000 3,316,000 Prepare the Paid-In Capital portion of the "Stockholders' Equity" section of the balance sheet using Method 1 of Exhibit 10. There are 220,000 shares of common stock authorized and 25,000 shares of preferred stock authorized.