Reporting Pald-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 $4,480,000 Paid-In Capital from Sale of Treasury Stock 45,000 Paid-In Capital in Excess of Par-Preferred Stock 210,000 Pald-In Capital in Excess of Stated Value-Common Stock 480,000 Preferred 2% Stock, $120 par 8,400,000 Retained Earnings 39,500,000 Point Loma Group Inc. Stockholders' Equity (Paid-in Capital Section) October 31, 20XX Paid-In Capital: Preferred 2% Stock, $120 Par (85,000 Shares Authorized, 70,000 Shares Issu 8,400,000 Excess of Issue Price Over Par 210,000 Pald-in capital, preferred stock Common Stock, No Par, $14 Stated Value (375,000 Shares Authorized, 320,000 Shares Issued) S 4,450,000 Excess of Issue Price Over Stated Value Pald-in capital, common stock INTI From Sale of Treasury Stock Total Paid In Capital