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 $840,000 Paid-In Capital from Sale of Treasury Stock 449,200 Paid-In Capital in Excess of ParPreferred Stock 95,040 Paid-In Capital in Excess of Stated ValueCommon Stock 2,016,000 Preferred 2% Stock, $120 par 792,000 Retained Earnings 5,534,000 Prepare the Paid-In Capital portion of the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8. There are 190,000 shares of common stock authorized and 18,000 shares of preferred stock authorized. Point Loma Group Inc., Stockholders' Equity October 31, 20XX Paid-in Capital: Preferred 2% Stock, $120 Par (18,000 Shares Authorized, 6,600 Shares Issued) $ Excess over par Paid-in capital, preferred stock $ Common Stock, No Par, $5 Stated Value (190,000 Shares Authorized, 60,000 Shares Issued) $ Excess over par Paid-in capital, common stock From Sale of Treasury Stock Total Paid-In Capital