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 Paid-In Capital from Sale of Treasury Stock-Common Paid-In Capital in Excess of Par-Common Stock Paid-In Capital in Excess of Par-Preferred Stock Preferred 4% Stock, $50 par Retained Earnings Treasury Stock-Common $600,000 45,200 180,000 67,500 1,125,000 2,461,600 41,800 Stock shares authorized are: preferred stock, 100,000 shares; common stock, 400,000 shares. There are 3,800 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. Specialty Auto Racing Inc. Stockholders' Equity July 31, 20XX Paid-In Capital: Line Item Description Preferred 4% Stock, $50 Par (100,000 Shares Authorized, 22,500 Shares Issued) Excess of Issue Price Over Par Paid-in canitAL referred stock Amount Amount Amount eBook 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. Paid-In Capital: Specialty Auto Racing Inc. Stockholders' Equity July 31, 20XX Line Item Description Preferred 4% Stock, $50 Par (100,000 Shares Authorized, 22,500 Shares Issued) Excess of Issue Price Over Par Paid-in capital, preferred stock Common Stock, $10 Par (400,000 Shares Authorized, 60,000 Shares Issued) Excess of Issue Price Over Par Paid-in capital, common stock From Sale of Treasury Stock) Total Paid-In Capital Retained Earnings Total Treasury Stock (3,800 Shares at Cost) Total Stockholders' Equity Amount Amount Amount 600,000 180,000 780,000 45.200