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 $560,000 370,400 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 126,720 1,344,000 Preferred 2% Stock, $120 par 1,056,000 Retained Earnings 4,563,000 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 23,000 shares of preferred stock authorized. Point Loma roup Inc., Stockholders' Equity October 31, 20XX Paid-in Capital: $ O Total Paid-In Capital