List the errors in the following Stockholders’ Equity section of the balance sheet prepared as of the end of the currentyear:

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Stockholders Equity Paid-in capital: Preferred 2% stock, $80 par (125,000 shares authorized and issued)... Excess of issue price over par.. 500000 0500,000 96,700,000 1,755,000 430,000 $ 109385,000 ...... .. . .. . . .. . .. Common stock, $20 par (1,000,000 shares authorized, 825,000 shares issued).... Organizing costs Total stockholders' equity 17,655,000 300,000 $127,340,000 ....