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 Paid-In Capital from Sale 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, $120 par Retained Earnings Prepare the Paid-In Capital portion of the Stockchlders' Equity section of the balance sheet using Method 1 of Exhibit 8. There are 260,000 shares of common stock authorized and 22,000 shares of preferred stock authorized. 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 Paid-In Capital from Sale 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, $120 par Retained Earnings Prepare the Paid-In Capital portion of the Stockchlders' Equity section of the balance sheet using Method 1 of Exhibit 8. There are 260,000 shares of common stock authorized and 22,000 shares of preferred stock authorized