EX 13-14 Reporting paid-in capital
The following accounts and their balances were selected from the unadjusted trial balance of CW Group Inc., a freight forwarder, at March 31, the end of the current fiscal year:
| Preferred 1% Stock, $75 par | $4,500,000 |
| Paid-In Capital in Excess of Par—Preferred Stock | 180,000 |
| Common Stock, no par, $8 stated value | 2,400,000 |
| Paid-In Capital in Excess of Stated Value—Common Stock | 450,000 |
| Paid-In Capital from Sale of Treasury Stock | 190,000 |
| Retained Earnings | 11,570,000 |
Prepare the Paid-In Capital portion of the Stockholders’ Equity section of the balance sheet. There are 500,000 shares of common stock authorized and 100,000 shares of preferred stock authorized.
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