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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

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:

Preferred 2% Stock, $100 par $900,000
Paid-In Capital in Excess of Par-Preferred Stock 108,000
Common Stock, no par, $5 stated value 400,000
Paid-In Capital in Excess of Stated Value-Common Stock 960,000
Paid-In Capital from Sale of Treasury Stock 284,200
Retained Earnings 3,501,000

Prepare the Paid-In Capital portion of the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 9. There are 260,000 shares of common stock authorized and 24,000 shares of preferred stock authorized.

Point Loma Group Inc.
Stockholders' Equity (Paid-In Capital Section)
October 31, 20XX
Paid-in Capital:
$fill in the blank 2
fill in the blank 4
$fill in the blank 6
fill in the blank 8
fill in the blank 10
fill in the blank 12
fill in the blank 14
Total Paid-In Capital $fill in the blank 15

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