List the errors in the following Stockholders?? Equity section of the balance sheet prepared as of the end of the current year.

Stockholders' Equity Paid-in capital: Preferred 1% stock, 5200 par (25,000 shares authorized and issued)... $5,000,000 Excess of issue price over par .... Retained earnings .. $ 5,075,000 75,000 41,750,000 Treasury stock (45,000 shares at cost) 648,000 Dividends payable.. 175,000 Total paid-in capital. $47.648,000 Common stock, $14 par (800,000 shares authorized, 500,000 shares issued). 7,600,000 Organizing costs Total stockholders' equity 250,000 .... $55498,000 .......