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 Amount Descriptions year: Common stock dividends Common stock, no par, $11 stated value; 375,000 shares authorized, 336,000 shares issued Excess of issue price over par Common Stock, no par, $11 stated value $3,696,000.00 Excess of issue price over stated value Paid-In Capital from Sale of Treasury Stock 48,700.00 From sale of treasury stock 3 Paid-In Capital in Excess of Par-Preferred Stock 219,000.00 Increase in retained earnings Paid-in capital, common stock Paid-In Capital in Excess of Stated Value-Common Stock 476,000.00 Preferred 2% Stock $120 par 8,160,000.00 Retained Earnings 38,995,000.00 Paid-in capital, preferred stock Preferred stock dividends Preferred 2% stock, $120 par, 85,000 shares authorized, 68,000 shares issued Total contributed capital Total paid-in capital Prepare the Paid-In Capital portion of the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 9. There are 375.000 shares of common stock authorized and 85,000 shares of preferred stock authorized. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries