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 $700,000 Paid-In Capital from Sale of Treasury Stock 364,600 Paid-In Capital in Excess of Par-Preferred Stock 70,560 Paid-In Capital in Excess of Stated Value-Common Stock 1,680,000 Preferred 2% Stock, $120 par 588,000 Retained Earnings 4,492,000 Prepare the Paid-In Capital portion of the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8. There are 160,000 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 Retained Earnings Statement Sumter Pumps Corporation, a manufacturer of industrial pumps, reports the following results for the year ended January 31, 2012: Retained earnings, February 1, 2011 $537,700 Net income 80,700 Cash dividends declared 14,500 Stock dividends declared 27,400 Prepare a retained earnings statement for the fiscal year ended January 31, 2012. Sumter Pumps Corporation Retained Earnings Statement For the Year Ended January 31, 20Y2