"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 arrurs.

Stockholders' Equity

Paid$-$in capital:

Preferred $2\%$ stock, $$80$ par $(125,000$ shares authorized and issued$)$

$$10,000,000$

Excess of issue price over par

$500,000$

Paid$-$in capital, preferred stock

Retained earnings

Treasury stock shares at cost$)$

Dividends payable

Total paid$-$in capital

$\backslash$table$[[$$$10,500,000$