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 Inc. on July 31, the end of the current year: Common Stock, $10 par $460,000 Paid-In Capital from Sale of Treasury Stock-Common 34,700 Paid-In Capital in Excess of Par-Common Stock 138,000 Paid-In Capital in Excess of Par-Preferred Stock 64,500 Preferred 4% Stock, $50 par 1,075,000 Retained Earnings 2,162,100 Treasury Stock-Common 40,700 Fifty thousand shares of preferred and 200,000 shares of common stock are authorized. 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 :