The following accounts and their balances were selected from the unadjusted trial balance of Point Loma Group Inc., a freight forwarder, at October 31, the end of the current fiscal year:

1	Common Stock, no par, $11 stated value	$3,696,000.00
2	Paid-In Capital from Sale of Treasury Stock	48,700.00
3	Paid-In Capital in Excess of Par-Preferred Stock	219,000.00
4	Paid-In Capital in Excess of Stated Value-Common Stock	476,000.00
5	Preferred 2% Stock, $120 par	8,160,000.00
6	Retained Earnings	38,995,000.0

Prepare the Paid-In Capital portion of the Stockholders Equity section of the balance sheet using Method 1 of

Exhibit 7

. 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.

Amount Descriptions

Amount Descriptions
Common stock dividends
Common stock, no par, $11 stated value; 375,000 shares authorized, 336,000 issued
Excess of issue price over par
From sale of treasury stock
Increase in retained earnings
Preferred stock dividends
Preferred 2% stock, $120 par; 85,000 shares authorized, 68,000 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 7 . 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. Point Loma Group Inc. Stockholders Equity (Paid-In Capital Section) October 31, 20XX