"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 $380,000 paid-in capital from sale of treasury stock-common 28,700 paid-in capital in excess of par-common stock 114,000 paid-in capital in excess of par-preferred stock 75,900 preferred 4% stock, $50 par 1,265,000 retained earnings 2,273,600 treasury stock-common 47,300