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

Preferred 3% Stock, $100 par ...............$1,500,000

Paid-In Capital in Excess of Par—Preferred Stock ...... 180,000

Common Stock, no par, $10 stated value ............ 675,000

Paid-In Capital in Excess of Stated Value—Common Stock .. 125,000

Paid-In Capital from Sale of Treasury Stock .......... 14,500

Retained Earnings ................... 2,106,500

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 50,000 shares of preferred stock authorized.