Given the following information compute for the total contributed capital

Preference shares are cumulative and non-participating.

1. Dividends declared last December 25, 2018, and was distributed last January 16, 2019 amounting to 800,000
2. Dividends declared last December 26, 2019, and for distribution on February 2, 2020 amounting to 1,000,000

2019

5% Preference share capital, $100 par - 7,100,000

Ordinary share capital, $5 par - 10,000,000

Ordinary Share Premium - 1,500,000

Preference Share Premium - 1,065,000

Subscribed ordinary share capital - 2,000,000

Subscribed preference share capital - 500,000

Ordinary Subscription receivable - 800,000

Preference Subscription receivable - 200,000

Treasury Shares at cost, ordinary - 160,000

Treasury Shares at cost, preference - 78,100

Deficit - 4,070,480

Loss due to fire - 500,000

2018

5% Preference share capital, $100 par - 6,700,000

Ordinary share capital, $5 par - 9,400,000