Stockholders' Equity Section of Balance Sheet Specialty Auto Racing Inc. retails racing products for BMWs, Porsches, and Ferrans. The following accounts and their balances appear in the ledger of Specialty Auto Racing Inc. on July 31, the end of the current year: Paid-In Capital in Excess of Par-Preferred Stock Common Stock, $10 par Paid-In Capital from Sale of Treasury Stock Common $800,000 60,300 Paid-In Capital in Excess of Par-Common Stock 240,000 80,100 1,335,000 3,068,800 49,500 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 4,500 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 Paid-In Capital Specialty Auto Racing Inc Stockholders' Equity July 31, 20xx 00:00