"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 $840,000 Paid-In Capital from Sale of Treasury Stock-Common 63,300 Paid-In Capital in Excess of Par-Common Stock 252,000 Paid-In Capital in Excess of Par-Preferred Stock 75,600 Preferred 4% Stock, $50 par 1,260,000 Retained Earnings 3,038,900 Treasury Stock-Common 47,300 One hundred thousand shares of preferred and 400,000 shares of common stock are authorized. There are 4,300 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: Preferred 4% Stock, $50 Par (100,000 Shares Authorized, 25,200 Shares Issued) Excess of Issue Price Over Par v Paid-in capital, preferred stock v Common Stock, $10 Par (400,000 Shares Authorized, 84,000 Shares Issued) Excess of Issue Price Over Par v Paid-in capital, common stock v From Sale of Treasury Stock v Total Paid-In Capital Retained Earnings Total Treasury Stock (4,300 Shares at Cost) v Total Stockholders' Equity