Stockholders' Equity Section of Balance Sheet The following Stockholders' Equity section of the balance sheet prepared as of the end of the current year contains errors. Stockholders' Equity $10,000,000 500,000 Paid-in capital: Preferred 2% stock, $80 par (125,000 shares authorized and issued) Excess of issue price over par Paid-in capital, preferred stock Retained earnings Treasury stock (75,000 shares at cost) Dividends payable $10,500,000 96,700,000 1,755,000 430,000 $109,385,000 Total paid-in capital Common stock, $20 par (1,000,000 shares authorized, 825,000 shares issued) Organizing costs 17,655,000 300,000 $127,340,000 Total stockholders' equity Prepare a corrected Stockholders' Equity section. Stockholders' Equity Paid In Capital: Total paid in capital $ Total $ Total stockholders' equity