The following accounts and their balances were selected from the unadjusted trial balance of REO Inc., a freight forwarder, at October 31, the end of the current fiscal year:
Preferred 2% Stock, $100 par $ 750,000
Paid-In Capital in Excess of Par-Preferred Stock 90,000
Common Stock, no par, $5 stated value 400,000
Paid-In Capital in Excess of Stated Value-Common Stock 960,000
Paid-In Capital from Sale of Treasury Stock 25,000
Retained Earnings 3,150,000
Prepare the Paid-In Capital portion of the Stockholders' Equity section of the balance sheet. There are 250,000 shares of common stock authorized and 20,000 shares of preferred stock authorized.