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 -$440,000

paid in capital from sale of treasury stock common- 33,200

paid in capital in excess of par common stock-132,000

paid in capital in excess of par- preferred stock -78,000

preferred 4% stock, $50 par- 1,300,000

retained earnings-2419500

treasury stock commom-48,400

stock shares authorized are: preferred stock, 50,000 shares; common stock 200,000 shares. They are 4400 shares of common stock held as a treasury stock prepare the stockholders equity section of the balance sheet as of July 31 and the end of the current year.