Stock shares authorized are: preferred stock, 50,000 shares; common stock, 200,000 shares. There are 3,400 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 10. Stock shares authorized are: preferred stock, 50,000 shares; common stock, 200,000 shares. There are 3,400 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 10