Stockholders' Equity Section of Balance Sheet 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 $960,000 288,000 55,800 Paid-In Capital in Excess of Par-Common Stock Paid-In Capital in Excess of Par-Preferred Stock Paid-In Capital from Sale of Treasury Stock-Common 72,400 Preferred 4% Stock, $50 par Retained Earnings Treasury Stock-Common One hundred thousand shares of preferred and 400,000 shares of common stock are authorized. There are 3,200 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 930,000 2,813,600 35,200 Premium Imports Inc. Stockholders' Equity Section of the Balance Sheet November 30 Paid-in capital: Preferred 4% stock, $50 par (100,000 shares authorized, 18,600 shares issued) V Excess of issue price over par Common stock, $10 par (400,000 shares authorized, 96,000 shares issued) Excess of issue price over par From sale of treasury stock Total paid-in capital Treasury stock Total Total stockholders' equity