The following Stockholders' Equity section of the balance sheet prepared as of the end of the current year contains errors.

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		$10,500,000
Retained earnings		96,700,000
Treasury stock (75,000 shares at 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

Prepare a corrected Stockholders' Equity section.

Paid-In Capital:
CashDividends PayablePreferred 2% stock, $80 par (125,000 shares authorized and issued)Retained EarningsTreasury stock (75,000 shares at cost)Preferred 2% stock, $80 par (125,000 shares authorized and issued)	$Preferred 2% stock, $80 par (125,000 shares authorized and issued)
CashDividends PayableExcess of Issue Price Over ParOrganizational CostsRetained EarningsExcess of Issue Price Over Par	Excess of Issue Price Over Par	blank
CashDividends PayablePaid-in Capital, Preferred StockOrganizational CostsRetained EarningsPaid-in Capital, Preferred Stock	blank	$Paid-in Capital, Preferred Stock
CashCommon stock, $20 par (1,000,000 shares authorized, 825,000 shares issued)Organizational CostsRetained EarningsTreasury stock (75,000 shares at cost)Common stock, $20 par (1,000,000 shares authorized, 825,000 shares issued)	$Common stock, $20 par (1,000,000 shares authorized, 825,000 shares issued)
CashDividends PayableExcess of Issue Price Over ParRetained EarningsTreasury stock (75,000 shares at cost)Excess of Issue Price Over Par	Excess of Issue Price Over Par	blank
CashDividends PayablePaid-in Capital, Common StockOrganizational CostsRetained EarningsPaid-in Capital, Common Stock	blank	Paid-in Capital, Common Stock
Total paid in capital		$fill in the blank
CashCommon stock, $20 par (1,000,000 shares authorized, 825,000 shares issued)Preferred 2% stock, $80 par (125,000 shares authorized and issued)Retained EarningsTreasury stock (75,000 shares at cost)Retained Earnings		Retained Earnings
Total		$fill in the blank 16
Dividends PayableCommon stock, $20 par (1,000,000 shares authorized, 825,000 shares issued)Preferred 2% stock, $80 par (125,000 shares authorized and issued)Retained EarningsTreasury stock (75,000 shares at cost)Treasury stock (75,000 shares at cost)		Treasury stock (75,000 shares at cost)
Total stockholders' equity		$fill in the blank