Ch. 12 nw eBook Caballer Stockholders' Equity section of balance sheet Specialty Auto Racing Inc. retails racing products for DMW, Porsches, and Terraris. The following accounts and their balances appear in the ledger of Specialty Auto Racing on July 3, the end of the current year. Common Stock, 310 par $400,000 Paid In Capital from Sale of Treasury Stock Common 30,200 Paid In Capital in Excess of Par Common Stock 120,000 Pald-In Capllal in Excess of Par-Preferred Stock 77.00 Preferred 45. Stock, 950 par 1,285,000 Retained Earnings 2,333,000 Treasury Stock-Common 48,400 Fifty thousand shares of preferred and 200.000 shares of common stock are authorized. There are 4,400 shares of common stock held as treasury stock. Prepare the stockholders' Equity section of the balance sheet as of July 31, the end of the current year using Method 1 of Exhibit 9. Specialty Auto Racing Inc. Stockholders' Equity July 31, 20XX Paid-In Capital: Total Paid-In Capital Total Total Stockholders' Equity