List the errors in the following Stockholders Equity section of the balance sheet prepared as of the

List the errors in the following Stockholders’ Equity section of the balance sheet prepared as of the end of the currentyear:

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Stockholders Equity Paid-in capital: Preferred 2% stock, $80 par (125,000 shares authorized and issued)... Excess of issue price over par.. 500000 0500,000 96,700,000 1,755,000 430,000 $ 109385,000 ...... .. . .. . . .. . .. Common stock, $20 par (1,000,000 shares authorized, 825,000 shares issued).... Organizing costs Total stockholders' equity 17,655,000 300,000 $127,340,000 ....