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 Paid-In Capital from Sale of Treasury Stock-Common $400,000 30,200 Paid-In Capital in Excess of Par-Common Stock 120,000 Paid In Capital in Excess of Par-Preferred Stock 90,000 1,500,000 Preferred 4% Stock, $50 par Retained Earnings 2,611,000 Treasury Stock-Common 56,100 Fifty thousand shares of preferred and 200,000 shares of common stock are authorized. There are 5,100 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: nully nu 10 Total Paid-In Capital $ Total $ Total Stockholders' Equity $