Stockholders' Equity section of balance sheet Specialty Auto Racing Inc. retails racing products for BMW, 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, 510 par 5460,000 Poid-in Capital from Sale of Treasury Stock Common 34,700 Pald-in Capital in Excess of Par-Common Stock 138.000 Paldin Capital in Excess of Par Preferred Stock 91.800 Preferred 4% Stock, so par 1,530,000 Retained Earnings 2,750,500 Treasury Stock Common 57,200 Fifty thousand shares of breferred and 200,000 shares of common stock are authorised. There are 5,200 shares of common stock held as treasury stock Prepare the stockholders touty section of the balance sheet of duly 31, the end of the current year uning Method 1 of Exhibit. Specialty Auto Racing Inc. Stockholders' Equity July 31, 20XX Paldin Capital Lue DD Total Paid in Capital a Preferred 4% Stock, $50 Retained Earnings 2,750,500 Treasury Stock-Common 57,200 Fifty thousand shares of preferred and 200,000 shares of common stock are authorized. There are 5,200 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 Pald-in Capital Total Paid In Capital Total Total Stockholders' Equity