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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:

Common Stock, no par, $14 stated value $840,000
Paid-In Capital from Sale of Treasury Stock 444,300
Paid-In Capital in Excess of ParPreferred Stock 90,720
Paid-In Capital in Excess of Stated ValueCommon Stock 2,016,000
Preferred 2% Stock, $120 par 756,000
Retained Earnings 5,474,000

Prepare the Paid-In Capital portion of the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8. There are 190,000 shares of common stock authorized and 17,000 shares of preferred stock authorized.

Point Loma Group Inc.,
Stockholders' Equity
October 31, 20XX
Paid-in Capital:
$
$
$
Total Paid-In Capital $

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