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need help asap! stockholders' Equity section of balance sheet Specialty Auto Racing Inci retails racing products for BMWs, Porsches, and Ferraris. The foliowing accounts and

need help asap!
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"stockholders' Equity" section of balance sheet Specialty Auto Racing Inci retails racing products for BMWs, Porsches, and Ferraris. The foliowing accounts and their balances appear in the ledger of Speclalty Auto Racing on July 31 , the end of the current year: Stock shares authorized are; preferred stock, 50,000 shares; common stock, 200,000 shares: There are 3,500 shares of cornmon 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 Mothod 1 of Exhibit 10

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