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Premium Imports Inc. retails racing products for BMWs, Porsches, and Ferraris. The following accounts and their balances appear in the ledger of Premium Imports Inc.

Premium Imports Inc. retails racing products for BMWs, Porsches, and Ferraris. The following accounts and their balances appear in the ledger of Premium Imports Inc. on November 30, the end of the current year:

Common Stock, $10 par $880,000
Paid-In Capital in Excess of Par-Common Stock 264,000
Paid-In Capital in Excess of Par-Preferred Stock 90,300
Paid-In Capital from Sale of Treasury Stock-Common 66,400
Preferred 4% Stock, $50 par 1,505,000
Retained Earnings 3,423,000
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 November 30, the end of the current year.

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