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, 514 stated value $420,000 Paid-In Capital from Sale of Treasury Stock 248,800 Paid-In Capital in Excess of Par-Preferred Stock 69,120 Paid-In Capital in Excess of Stated Value-Common Stock 1,008,000 Preferred 2% Stock, $120 par 576,000 Retained Earnings 3,065,000 Prepare the Paid In Capital portion of the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8. There are 100,000 shares of common stock authorized and 13,000 shares of preferred stock authorized. Point Loma Group Inc., Stockholders' Equity October 31, 20XX Paid-in Capital Total Paid in Capital