Question: Use the following information to answer the question below. The following accounts appear in the ledger of Bullock Corporation on December 31, 2013: Preferred Stock

Use the following information to answer the question below. The following accounts appear in the ledger of Bullock Corporation on December 31, 2013:

Preferred Stock $60,000

Common Stock 112,000

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, 2013, would report total contributed capital of

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