Use the following information to answer the question below. The following accounts appear in the ledger of Pepper Corporation on December 31, 20x5 Preferred Stock $60,000 Common Stock 116,000 Additional Paid-in Capital, Preferred 14,000 Additional Paid-in Capital, Common 36,000 Retained Earnings 80,000 A balance sheet prepared on December 31, 20x5 , would report total contributed capital of
A) $176,000.
B) $190,000.
C) $226,000.
D) $306,000.
C
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