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What would report total contributed capital

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Question 1: The following accounts and balances appear in the general ledger of Trower Corporation on December 31, 2019. Preferred stock $30,000, Common stock $60,000, Additional paid-in capital in excess of par value, preferred stock $7,000, Additional paid-in capital in excess of par value, common stock $18,000, Retained earnings $40,000. A balance sheet constructed on December 31, 2019, would report total contributed capital (stockholders investments) of:

Option A. $115,000

Option B. $97,000

Option C. $155,000

Option D. $90,000

Reference no: EM132512194

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