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Use the Following Information to Answer the Question Below A Balance Sheet Prepared on December 31,20xx,would Report Total Contributed

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Use the following information to answer the question below. The following accounts appear in the ledger of Sayre Corporation on December 31,20xx:
 Preferred Stock $30,000 Common Stock 56,000 Additional Paid-in Capital, Preferred 7,000 Additional Paid-in Capital, Common 18,000 Retained Earnings 40,000\begin{array}{lr}\text { Preferred Stock } & \$ 30,000 \\\text { Common Stock } & 56,000 \\\text { Additional Paid-in Capital, Preferred } & 7,000 \\\text { Additional Paid-in Capital, Common } & 18,000 \\\text { Retained Earnings } & 40,000\end{array} A balance sheet prepared on December 31,20xx,would report total contributed capital of

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