ReportingPaid-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$200,000Paid-In Capital from Sale of Treasury Stock169,000Paid-In Capital in Excess of Par-Preferred Stock78,000Paid-In Capital in Excess of Stated Value-Common Stock480,000Preferred 2% Stock, $100 par650,000Retained Earnings2,082,000

Prepare the Paid-In Capital portion of the "Stockholders' Equity" section of the balance sheet usingMethod 1ofExhibit 9. There are 130,000 shares ofcommon stockauthorized and 17,000 shares ofpreferred stockauthorized.