List the errors in the following Stockholders' Equity section of the balance sheet prepared as of the end of the current year.objs. 2, 3, 4, 6

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Paid-in capital: Preferred 1% stock, $75 par Stockholders' Equity (8,000 shares authorized and issued) Excess of issue price over par Retained earnings Treasury stock (4,000 shares at cost) Dividends payable Total paid-in capital Common stock, $50 par (100,000 shares authorized, 60,000 shares issued) Organizing costs Total stockholders' equity $ 600,000 56,000 $ 656,000 1,278,000 320,000 18,000 $2,272,000 3,900,000 75,000 $6,247,000