eBook "Stockholders' Equity" section of balance sheet 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: Common Stock, $10 par $380,000 Paid-In Capital from Sale of Treasury Stock-Common 28,700 Paid-In Capital in Excess of Par-Common Stock 114,000 Paid-In Capital in Excess of Par-Preferred Stock 64,500 Preferred 4% Stock, $50 par Retained Earnings 1,075,000 2,027,900 40,700 Treasury Stock-Common Stock shares authorized are: preferred stock, 50,000 shares; common stock, 200,000 shares. There are 3,700 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 10. Specialty Auto Racing Inc. Stockholders' Equity July 31, 20XX Amount Line Item Description Paid-In Capital: Total Paid-In Capital Total Print Item Total Stockholders' Equity Amount 00 Amount QOOOQ

Compnen stos, Hio per Thie-tn Coital in Fribut of Fur Cimomin stock 1300,000 Nremured 4s, shaki, 18e per 24,209 kermined kaming Trancy stook compen 314,600 44,500 1,03sin,60 46,760 Specialty Aute eacing Ink Steckhalders' Cequify 3uly 31, 20cox raid is Captair Todal Paid-ta Cectal fotil. Tirbal Stocifuldery' Equity Compnen stos, Hio per Thie-tn Coital in Fribut of Fur Cimomin stock 1300,000 Nremured 4s, shaki, 18e per 24,209 kermined kaming Trancy stook compen 314,600 44,500 1,03sin,60 46,760 Specialty Aute eacing Ink Steckhalders' Cequify 3uly 31, 20cox raid is Captair Todal Paid-ta Cectal fotil. Tirbal Stocifuldery' Equity