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The following accounts and their balances were selected from the adjusted trial balance of Point Loma Group Inc, a freight forwarder, at October 31,

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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 fecal year 1 Common Stock, no par, 512 stated value Paid-In Capital from Sate of Treasury Stock Paid-In Capital in Excess of Par-Preferred Stock Paid-In Capital in Excess of Stated Value Common Stock Preferred 2% Stock, $105 par Retained Earnings $4,116,000.00 48,600.00 211,000.00 464,000.00 7,140,000 00 40,320,000.00 4 Prepare the Paidin Capital portion of the Stockholders Eauty section of the balance sheet using Method of Exhibits There are 375,000 shares of common authorized and at 000 shares of preferred stock authorized Refer to the Amount Descriptions list provided for the exact wording of the answer choices for test entries

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