eBook Stockholders' Equity section of balance sheet Instructions Accounts and Amount Descriptions Stockholders' Equity Instructions Specialty Auto Racing Inc, retails racing products for BMWs, Porsches, and Ferraris. The following accounts and their balances appear in the ledger of Specialty Auto Racing on July 31, the end of the current year $8,880,000.00 348,000.00 Common Stock 532 par 2 Paid-in Capital from Sale of Treasury Stock Common 3 Paid In Capital in Excess of Par-Common Stock Paid-in Capital in Excess of Par-Preferred Stock 5 Preferred 1% Stock, $150 par Retained Earnings 2.497,500.00 489,000.00 7,335,000.00 72.425,500.00