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

• List of errors in the preceding statement of stockholders' equity
• prepare a corrected statement of stockholders' equity

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Stockholders' Equity Paid-in capital: Preferred 2% stock, $60 par (94,000 shares authorized and issued).. Excess of issue price over par.. Retained earnings.... Treasury stock (56,000 shares at cost). Dividends payable... Total paid-in capital.. Common stock, $10 par (750,000 shares authorized, 619,000 shares issued). Organizing costs.. Total stockholders'equity.... $5,640,000 375,000 $ 6,015,000 72,525,000 868,000 323,000 $ 79,731,000 6,623,000 225,000 $86,579,000