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: Paid-In Capital in Excess of Par-Preferred Stock Common Stock, $10 par $680,000 Paid-In Capital from Sale of Treasury Stock Common $1,300 Paid-In Capital in Excess of Par-Common Stock 204,000 64,800 1,000,000 2,537,700 40,700 Preferred 4% Stock, $50 par Retained Earnings Treasury Stock-Common Stock shares authorized are: preferred stock, 100,000 shares; common stock, 400,000 shares. There are 3,700 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