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: Line Item Description Amount 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