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 $300,000 238,000 Paid-In Capital from Sale of Treasury Stock Paid-In Capital in Excess of Par-Preferred Stock 103,200 Paid-In Capital in Excess of Stated Value-Common Stock 720,000 Preferred 2% Stock, $100 par 860,000 Retained Earnings 2,932,000 Prepare the Paid-In Capital portion of the "Stockholders' Equity" section of the balance sheet using Method 1 of Exhibit 9. There are 190,000 shares of common stock authorized and 23,000 shares of preferred stock authorized. Point Loma Group Inc. Balance Sheet October 31, 20XX Stockholder's Equity Paid-in Capital: Preferred 2% Stock, $100 Par (23,000 Shares Authorized, 8,600 Shares Issued) Total Paid-In Capital