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 $4,480,000 Paid-In Capital from Sale of Treasury Stock 45,000 Paid-In Capital in Excess of Par—Preferred Stock 210,000 Paid-In Capital in Excess of Stated Value—Common Stock 480,000 Preferred 2% Stock, $120 par 8,400,000 Retained Earnings 39,500,000   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. Point Loma Group Inc.Balance SheetOctober 31, 20XX Stockholder’s Equity     blank Paid-in Capital: blank blank blank   $Preferred 2% Stock, $120 Par (85,000 Shares Authorized, 70,000 Shares Issued)   blank   Excess of Issue Price Over Par   blank     $Paid-In Capital, Preferred Stock     $Common Stock, No Par, $14 Stated Value (375,000 Shares Authorized, 320,000 Shares Issued)   blank   Excess of Issue Price Over Par   blank     Paid-In Capital, Common Stock       From Sale of Treasury Stock blank Total Paid-In Capital   blank $fill in the blank 15