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 $200,000 179,700 87,600 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, $100 par 480,000 730,000 Retained Earnings 2,214,000 Prepare the Paid-In Capital portion of the "Stockholders' Equity" section of the balance sheet using Method 1 of Exhibit 9. There are 130,000 shares of common stock authorized and 19,000 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 (19,000 Shares Authorized, 7,300 Shares Issued) no Excess of Issue Price Over Par Paid-In Capital, Preferred Stock Check My Work Previous Next > Taid Capital T LACESS VI accu varuc COTTOM LUCK Preferred 2% Stock, $100 par 730,000 2,214,000 Retained Earnings Prepare the Paid-In Capital portion of the "Stockholders' Equity" section of the balance sheet using Method 1 of Exhibit 9. There are 130,000 shares of common stock authorized and 19,000 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 (19,000 Shares Authorized, 7,300 Shares Issued) Excess of Issue Price Over Par Paid-In Capital, Preferred Stock Common Stock, No Par, $5 Stated Value (130,000 Shares Authorized, 40,000 Shares Issued) Excess of Issue Price Over Par Paid-In Capital, Common Stock From Sale of Treasury Stock Total Paid-In Capital Feedback Check My Work