Please use these options for account titles:

- Cash

- From sale of treasury stock

-preferred 4% stock, $50 par (50,000 shares authorized, 22,300 shares issued)

- Retained earnings

-Treasury stock (3,800 shares at cost)

-excess of issue price over par

-paid-in capital, common stock

-paid-in capital, preferred stock

-Preferred 4% stock, $50 par (50,000 shares authorized, 22,300 shares issued)

"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 $480,000 36,200 Paid-In Capital from Sale of Treasury Stock-Common Paid-In Capital in Excess of Par-Common Stock Paid-In Capital in Excess of Par-Preferred Stock 144,000 66,900 Preferred 4% Stock, $50 par 1,115,000 Retained Earnings 2,247,400 Treasury Stock-Common 41,800 Fifty thousand shares of preferred and 200,000 shares of common stock are authorized. There are 3,800 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. 29XX Specialty Auto Racing Inc. Stockholders' Equity July 31, 20XX Paid-In Capital: $ Total Paid-In Capital $ Total Total Stockholders' Equity $