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Reporting Paid-In Capital The following accounts and their balances were selected from the adjusted trial...

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Reporting Paid-In Capital 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, $5 stated value $200,000 Paid-in Capital from Sale of Treasury Stock Paid-In Capital in Excess of Par-Preferred Stock 75,600 Paid-in Capital in excess of Stated Value-Common Stock 480,000 Preferred 2% Stock $100 par Retained Earnings 2,049,000 166,300 630,000 Prepare the Paid-In Capital portion of the "Stockholders' Equity" section of the balance sheet using Method 1 of Exhibit 9. There are 130,000 shares of common stock authorized and 17,000 shares of preferred stock authorized. Point Loma Group Inc. Balance Sheet October 31, 20xx Stockholder's Equity Paid-in Capital: Total Paid-In Capital

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