"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 $300,000 22,600 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 90,000 82,200 Preferred 4% Stock, $50 par 1,370,000 Retained Earnings 2,275,100 Treasury Stock-Common 51,700 Fifty thousand shares of preferred and 200,000 shares of common stock are authorized. There are 4,700 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 9. Specialty Auto Racing Inc. Stockholders' Equity July 31, 20XX Paid-In Capital: Total Paid-In Capital Total Total Stockholders' Equity