"Stockholders' Equity" section of balance sheet

Stock shares authorized are: preferred stock, $100,000$ shares; common stock, $400,000$ shares. There are $3,300$ 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 $10.$

Specialty Auto Racing Inc.

Stockholders' Equity

July $31,20$XX

Line Item Description Amount Amount Amount

Paid$-$In Capital:

Total Paid$-$In Capital

Total

Total Stockholders' Equity