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*Stockholders' Equity section of balance sheet Specialty Auto Racing Inc. retalls racing products for BMW, 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 $760,000 Prid-In Capital from Sale of Treasury Stock Common 57,300 Poid-In Capital in Excess of Par-Common Stock 225,000 Paid-In Capital in Excess of Par-Preferred Stock 90,000 Preferred 4% Stock, 350 par 1,500,000 Retained Earnings 3,215,100 Treasury Stock Common 56,100 One hundred thousand shares of preferred and 400,000 shares of common stock are authorized. There are 3,100 shares of common stock held as tresury 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 Pald-in Capital LUME o Retained Earnings 3,215,100 Treasury Stock-Common 56,100 One hundred thousand shares of preferred and 400,000 shares of common stock are authorized. There are 5,100 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