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: Line Item Description Amount Common Stock, $10 par $420,000 Paid-In Capital from Sale of Treasury Stock-Common 31,700 Paid-In Capital in Excess of Par-Common Stock 126,000 Paid-In Capital in Excess of Par-Preferred Stock 95,700 Preferred 4% Stock, $50 par 1,595,000 Retained Earnings 2,767,400 Treasury Stock-Common 59,400 Stock shares authorized are: preferred stock, 50,000 shares; common stock, 200,000 shares. There are 5,400 shares of common stock held as treasury stock. Prepare the "Stockholders' Equity" section of the balance sheet as of July