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: Common Stock $17 p $9.805.000.00 Paid-in Capital from Sale of Treasury Stock-Common 327,000.00 Paid-In Capital in Excess of Par-Common Stock 2,650,000.00 Paid-In Capital in Excess of Par-Preferred Stock 352,500.00 Preferred 1% Stock, $150 par Retained Eamings 7,125,00000 Treasury Stock-Common 68,366,200.00 994,400.00 Fity thousand shares of prefered and 300,000 shares of common stock are authorized. There are 22.500 shares of common stock held as treasury. Mock Prepare the Stockholders' Equity section of the balance sheet as of July 31, the end of the current year, using Method 1 of Exhibit9. Refer to the lists of Accounts and Amount Descriptions provided for the exact wording of the answer choices for text entries. For those boxes in which you m enter subtracted or negative numbers use a minus sign