list the errors the following stockholders equity section of the balance sheet prepared as of the end of the current year: paid in capital: preferred 2% stock,$80 par(125,000 shares authorized and issued $10,000,000 excess of issue price over par 500,000-10,500,000 retaining earnings $96,700,000 treasury stock(75,000 shares to cost)-1,755,000 dividends payable 430,000 total paid in capital $109,385,000 common stock $20 par (1,000,000 shares authorized, 825,000 shares issued - $17,655,000 organizing costs 300,000 total stockholders equity $127,340,000