Stockholders' Equity" section of balance sheet 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 $420,000 Paid In Capital from Sale of Treasury Stock Common 31,700 Paldin Capital in excess of Par Common Stock 126,000 Paid In Capital in excess of Par-Preferred Stock 72,300 Preferred 4% Stock, $50 par 1,205,000 Retained Earnings 2,263,100 Treasury Stock Common 45,100 Fifty thousand shares of preferred and 200,000 shares of common stock are authorized. There are 4,100 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 9 Specialty Auto Racing Inc. Stockholders' Equity July 31, 20XX Paid In Capital: o Total Pald-In Capital Total Total Stockholders Equity