Mendes Charters Reported the Following Information at December 31, 2016 $\$ 100$

question 102

Multiple Choice

Mendes Charters reported the following information at December 31, 2016: Preferred stock, $\$ 100$ par, 500 shares authorized, and outstanding;
$\begin{array}{lr}\text { cumulative; nonparticipating; callable at par value } & \$ 0,000 \\\text { Common stock, } \$ 12 \text { par, } 50,000 \text { shares authorized and outstanding } & 600,000 \\\text { Additional paid-in capital-Common } & 25,000 \\\text { Retained earnings } & 825,000\end{array}$ Mendes' total contributed capital is

• A) $650,000
• B) $675,000
• C) $1,500,000
• D) $625,000