"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, $36 par	$10,080,000
Paid-In Capital from Sale of Treasury StockCommon	340,000
Paid-In Capital in Excess of ParCommon Stock	420,000
Paid-In Capital in Excess of ParPreferred Stock	384,000
Preferred 1% Stock, $150 par	7,200,000
Retained Earnings	71,684,000
Treasury StockCommon	1,008,000

Fifty thousand shares of preferred and 300,000 shares of common stock are authorized. There are 24,000 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			$